Cost of Living

Kalinga Act proposes permanent framework for oil price shock response

Speaker Faustino Dy III promoted House Bill No. 9305 (the Kalinga Act) as a permanent government response framework designed to provide timely assistance to consumers, businesses, and vulnerable sectors during periods of fuel price volatility and oil shocks. The proposed legislation aims to establish structured support mechanisms to stabilize the economy and protect vulnerable populations from the adverse effects of energy price fluctuations.