SUPPLY CHAIN GROUP SAYS PRICE HIKE A LAST RESORT AMID FUEL SURGE

The Supply Chain Management Association of the Philippines (SCMAP) said manufacturing companies are exploring ways to absorb rising fuel costs before passing them on to consumers, stressing that price increases for basic goods will be a last resort. SCMAP Marketing and Communications Director Henrik Batallones noted firms can negotiate transport rates, stockpile raw materials, or secure shipping slots to mitigate costs, but emphasized the need for government interventions such as suspending or reducing fuel excise taxes. The Department of Trade and Industry is in talks with manufacturers about possible price adjustments, while supermarket owners, led by Steven Cua, urged the public not to panic buy to prevent artificial shortages. To support the shipping sector, the Maritime Industry Authority (MARINA) issued contingency measures including possible fee waivers, discounts, and fuel surcharge caps of up to 20 percent. MARINA Administrator Sonia Malaluan said these measures aim to maintain the movement of passengers and essential goods during the volatile fuel situation.