President Ferdinand Marcos Jr. has announced the rollout of UPLIFT assistance for select beneficiaries as another round of oil price increases takes effect.

The move comes amid renewed tensions in the Middle East, which continue to drive global crude oil prices higher and increase fuel costs in the Philippines. The assistance aims to provide relief to affected sectors as rising transportation and fuel expenses threaten to push up the cost of goods and services.

In this video, we break down:
• President Marcos’ announcement of the UPLIFT assistance program
• Why Middle East tensions are affecting global oil prices
• How the latest fuel price hikes could impact Filipino consumers
• What is currently known about the assistance and its intended beneficiaries

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