The Department of Energy (DOE) disclosed government measures to address effects of US-Israel, Iran conflict.

Energy Secretary Sharon Garin said these includes staggered fuel price increases, excise tax cuts and a four-day work week.

Garin said local oil players assured the government that fuel imports are already en route amid fears of a possible shortage.

DOE projected that fuel prices could rise by as much as 10 pesos per liter based on trading at the Mean of Platts Singapore.

The government’s call for staggered price increases as well as discounts was discussed during Wednesday’s emergency meeting with the oil industry, the second in a week.

“We will determine by the weekend (the staggered increases) kasi kailangan namin ng 5 days run ‘yung simulation kung magkano estimated increase. We will also announce by then kung kelan yung increase at magkano,” she said, adding that the staggered price increases are voluntary.

A proposal to increase fuel stockpiles was rejected as it would distort the market, the energy chief said.

“Masisira ‘yung buong system natin. Imbes na 2 months (supply) eh 1 month na lang. Huwag tayong mag-panic. The supply is not the issue, it’s a matter of price,” she said.

Garin noted some traders are still on a wait and see mode before selling as shipping and insurance costs rise.

The energy chief said a proposed measure for President Bongbong Marcos to be given temporary authority to cut excise taxes on petroleum products could also help reduce fuel prices. The President has also unveiled plans to give fuel subsidies to the transport and agri sectors.

“If they ask it to be certified as urgent, it can be done in 3 days tulad ng iba nating batas. Sa diesel P6 kung tatanggalin siya (excise tax), VAT is 12%. Ang excise by the volume so per liter siya hindi siya by percent,” she said.

Garin also welcomed proposals to implement a 4-day work week as well as carpooling on major thoroughfares.

“There is around 14, 15% savings din. Hindi pa included d’yan yung fuel so it saves you electricity also in general. There are many ways na makaka-save tayo especially ‘yung carpooling. That’s a huge help sa atin,” she said.