Marcos said the government has been actively securing crude oil imports to bolster the country’s fuel inventory, helping to maintain stability in supply amid international uncertainties. He emphasized that deliveries are arriving steadily and that authorities are continuing efforts to secure additional supplies.
The statement comes as the Philippines and other Asian nations grapple with higher fuel prices and potential disruptions in energy supply due to the ongoing war in the Middle East, which has pushed up crude oil costs and strained global markets. Energy officials have also implemented emergency measures to safeguard energy resources and ensure that essential fuel needs are met.
Marcos’ announcement aims to reassure consumers and industries dependent on energy products that the government is monitoring the situation and working with partners to secure imports. Still, officials acknowledge the continuing fuel price volatility and are exploring strategies — including adjustments to tax policies and stronger supply coordination — to mitigate impacts on households and key economic sectors.
While adequate stockpiles offer some buffer, analysts note that long‑term energy stability will depend on diversified supply sources and sustained government coordination with international partners.