This paper analyzes the 2026 oil price shock in the Philippines and evaluates the economic, fiscal, and legal adequacy of the UPLIFT Framework under Executive Order No. 110. It finds that the shock has rapidly transmitted through fuel, transport, food, and electricity prices, weakened household purchasing power, heightened stagflation risks, and strained already limited fiscal space. While UPLIFT appropriately combines direct assistance, price moderation, system stabilization, and structural reform, its effectiveness is constrained by limited coverage, weak targeting systems, uneven implementation capacity, and legal limits on executive fund realignment. The paper argues that crisis response must move beyond temporary relief toward a more resilient policy framework. Key policy recommendations include strengthening beneficiary targeting and interoperable data systems, institutionalizing unified NG-LGU contingency coordination, safeguarding fiscal discipline through targeted and legally sound reallocations, accelerating renewable energy and transport reforms, and improving market governance, enforcement, and inclusive delivery systems to reduce future vulnerability to external oil shocks. The paper further notes that ongoing legislative proposals, particularly the proposed KALINGA Act, may provide an opportunity to institutionalize and strengthen several elements of the current crisis-response framework, including beneficiary targeting, inter-agency coordination, and emergency response governance.