Another oil price hike on the month of July the series of oil price increases during the past months makesit imperative to draw up long-term solutions in reducing our dependency on oil, and to exploit and enhance alternative or renewable sources of energy. Filipino people are now suffering for the very oil price. Government is taking up all the necessary and feasible measures to lessen the impact of oil price hikes on the lives of average Filipinos, especially in tempering transport fares and food prices. Asian contries are affected my oil price hike not only Philippines.