Citizens and the government adopt energy-saving hacks to cut fuel consumption amid the escalating conflict in the Middle East
The Philippines is widely seen by economists as one of the most vulnerable nations in the Asia-Pacific region to inflation and growth risks spurred by the Middle East conflict. The archipelago “tends to see a stronger inflation hit because retail fuel prices are more market-driven and subsidies are limited”, Deepali Bhargava, regional head of research at ING Bank, said.
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Some government agencies have said they will provide fuel subsidies to fisherfolk, farmers and public transport drivers. There is also an app citizens can use to lock in energy prices ahead of time.
Source: News - South China Morning Post
