The Department of Energy said a new waiver issued by the United States Department of the Treasury allows the Philippines to continue procuring Russian oil from April 17 to May 16, helping stabilize supply amid global market volatility.
The DOE also confirmed the arrival of four diesel shipments totaling over 178 million liters under its energy security program, boosting the country’s fuel reserves.
Energy Secretary Sharon Garin said the government is ensuring sufficient fuel supply to support key sectors as tensions in the Middle East persist.
Meanwhile, the DOE announced mixed fuel price adjustments, with diesel and kerosene set to decrease while gasoline prices will slightly increase.
Officials emphasized continued coordination with stakeholders to prevent supply disruptions and maintain market stability.
Source: PhilNews24 | April 28, 2026
