Manila, March 13 -- Malacanang on Friday said oil companies assured the government of a stable fuel supply, as the Marcos administration steps up measures to shield consumers from volatile global oil prices.

The assurance came during a meeting between Palace officials and oil industry executives at Malacanan Palace in Manila on Thursday to address supply stability and prevent unreasonable fuel price increases.

Executive Secretary Ralph Recto, who led the government delegation with Energy Secretary Sharon Garin, described the talks as "productive."

"The meeting focused on supply and prices, on how to keep both stable, amidst the volatility we are seeing," Recto said in a statement.

Recto said the discussions were held in line with Pres...