Amid rising fuel prices driven by ongoing tensions in the Middle East, President Ferdinand Marcos Jr. has ordered the immediate release of P21.47 billion to keep infrastructure projects running, protect jobs, and cushion Filipinos from the impact of global shocks.
Acting on the President’s directive, the Department of Budget and Management (DBM) fast-tracked the release to ensure that critical services continue uninterrupted—especially as higher oil prices threaten transport costs and household budgets.
DBM Secretary Rolando Toledo emphasized that behind every release is the clear purpose of the Marcos administration: to protect Filipinos and keep the economy moving despite global challenges.
“Every peso we release is meant to ease a burden, sustain a livelihood, or keep a service running for our people—especially at a time when global events beyond our control are affecting daily life here at home,” Toledo said.
“At a time when global headwinds are pushing fuel prices up, it is critical that we step in where it matters most—supporting our drivers, protecting commuters, and ensuring that no Filipino is left to carry these challenges alone,” he added.
Of the total, P2.49 billion was allocated to the Department of Transportation (DOTr) for the Fuel Subsidy Program, providing direct relief to drivers and operators grappling with rising fuel costs.
As global oil prices climb, the subsidy helps drivers stay on the road without passing on the full burden to commuters—keeping fares stable and transport accessible for millions of Filipinos.
Meanwhile, P18.65 billion was released to the Department of Public Works and Highways (DPWH) to sustain infrastructure projects nationwide, ensuring continued employment, safer roads, and unhampered economic activity.
Further, an additional P324.36 million was released to the DPWH to settle prior obligations for foreign-assisted infrastructure projects, ensuring their timely completion.
The DBM assures the public that all fund releases are subject to strict budgeting, accounting, and auditing safeguards—ensuring that assistance reaches the right beneficiaries while protecting every peso of public funds.
In line with the President’s directive, the DBM remains committed to acting swiftly, responsibly, and with compassion—so that even in times of global uncertainty, the needs of the Filipino people remain at the center of every decision.