Manila, March 6 -- President Ferdinand R. Marcos Jr. on Friday assured the public that the government would facilitate the immediate release of cash assistance to sectors affected by the spike in oil prices triggered by the ongoing crisis in the Middle East.

In a video message, Marcos said national and local governments will work together to ensure that assistance quickly reaches those who need it.

"Ilalabas natin sa lalong madaling panahon ang fuel subsidy at cash transfer para sa mga apektadong sektor (We will release, as soon as possible, fuel subsidies and cash transfers for the sectors that are most affected)," he said.

Marcos also warned against hoarding and profiteering to manipulate the prices of basic commodities, stressing th...