MANILA, Philippines — President Ferdinand R. Marcos Jr. on Thursday convened a high-level meeting of the UPLIFT (Unified Package for Livelihoods, Industry, Food, and Transport) Committee to address the potential impact of rising global oil prices on the country’s food supply and transport costs.

During the meeting, officials outlined measures aimed at keeping food prices stable and ensuring steady supply despite mounting external pressures linked to fuel price volatility.

A key component of the government’s response is the mobilization of $10 billion to support the agriculture sector.

The funds will be coursed through the Department of Agriculture to provide fuel assistance and essential farm inputs to farmers and fisherfolk.

Authorities said the move is intended to sustain production levels and prevent supply disruptions that could lead to higher food prices.

In parallel, the government is set to activate P1 billion in transport-related subsidies through the Department of Transportation.

The allocation will be used to directly compensate drivers affected by rising fuel costs and to expand free ride programs for commuters.

Officials said the twin measures are designed to mitigate the broader economic impact of increasing oil prices, particularly on vulnerable sectors such as food producers and daily commuters.

The UPLIFT initiative integrates efforts across key sectors—livelihoods, industry, food, and transport—to ensure a coordinated response to inflationary pressures and safeguard economic stability.

📷 Presidential Communications Office FB