In a decisive move to protect the nation's economy, President Ferdinand Marcos Jr. has officially declared a state of national energy emergency.
This urgent proclamation comes as a direct response to the ongoing Middle East conflict, which the President warns presents an imminent danger to the country's power and fuel stability.
With rising global oil prices creating a wave of uncertainty in international energy markets, the Philippine government is stepping in to prevent a full-scale domestic crisis.
To manage this situation, a special committee has been established to oversee the supply and distribution of not just fuel, but also essential goods like food, medicine, and agricultural products.
An executive order highlighted that severe supply-chain disruption and significant volatility in petroleum costs are threatening national energy security.
Under this new emergency status, which remains active for one year, the government gains special powers to bypass traditional red tape.
This includes the authority to make advance payments for petroleum products to ensure that the nation's tankers arrive on time.
While Energy Secretary Sharon Garin confirmed a current 45-day fuel supply, the goal is to secure an additional one million barrels of oil as a safety buffer against the volatile global market.
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