President Ferdinand Marcos Jr. has directed the Department of Energy (DOE) to ensure continuous fuel supply to prevent economic stagnation amid global tensions, Malacañang said.
“At pinagpilitan ng Pangulo sa ating Secretary of Energy, kay Secretary Sharon (Garin) na dapat na hindi maputol ang suplay ng krudo o produktong petrolyo sa atin dahil ayaw ng Pangulo ang stagnation,” Palace Press Officer Claire Castro said Tuesday.
The directive came during the fourth UPLIFT Committee meeting, where officials discussed measures to cushion the impact of the Middle East conflict, including rising inflation.
Castro said the country currently has a 52-day fuel supply as of April 21, with 471,000 barrels already delivered and one million barrels confirmed out of a two-million-barrel order.
She stressed there is no supply shortage, noting the Philippine National Oil Company is securing additional reserves as buffer.
“Patuloy namang sinisiguro ng pamahalaan na mayroon tayong sapat na suplay para tuluy-tuloy lang ang trabaho at mga serbisyo,” Castro added.IMT
