The Department of Energy (DOE) announced that 300,000 barrels of diesel will arrive next week to help bolster the country’s fuel supply amid rising global oil prices.
The Philippine National Oil Company (PNOC) purchased the shipment from a Southeast Asian country and will sell it to local oil companies at cost, using available storage from private firms.
Energy Secretary Sharon Garin warned that the country consumes about 1 million barrels of fuel per day and that stocks could run out by mid-April if hoarding continues.
She emphasized that the government is focusing on securing supply rather than controlling prices, while urging the public to conserve fuel and consider shifting to electric mobility.
Meanwhile, the Department of Trade and Industry and President Marcos assured the public that food and essential commodity supplies remain stable for at least the next 30 days despite rising fuel costs.
Source: PhilNews24 | March 22, 2026
