Manila, July 15 -- President Ferdinand R. Marcos Jr. is seeking a "balanced" approach in addressing the impact of rising oil prices, Malacanang said Wednesday, as the government studies possible assistance for affected sectors.

Speaking to reporters, Palace Press Officer Claire Castro said the President has directed concerned government officials to assess the situation amid the continuing increase in fuel prices that could trigger higher transport fares and prices of basic commodities.

"Ang nais ng Pangulo ay walang maiwan, kailangan matulungan ang lahat sa tamang pamamaraan at sa balanseng pamamaraan (What the President wants is for no one to be left behind. Everyone must be helped in the proper and balanced way)," Castro said.

She ...