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Philippines eyes alternative oil suppliers as Middle East war stokes fuel concerns - BusinessWorld Online
The government will seek emergency powers to cut or suspend fuel levies as local oil prices rise by up to P24 per liter amid Middle East supply risks.
6 Articles
6 Articles
Philippines eyes alternative oil suppliers as Middle East war stokes fuel concerns - BusinessWorld Online
By Kenneth Christiane L. Basilio, Reporter The Philippines is exploring direct talks with foreign governments and encouraging local oil companies to seek alternative suppliers as the conflict in Iran enters its second week, Energy Secretary Sharon S. Garin said on Monday, noting that current stockpiles are sufficient to last until April. “The Philippines is still in a good state,” Garin told congressmen at a hearing. “We’re hoping for the best, …
“Only God knows!” That was the response of Department of Energy (DOE) Sec. Sharon Garin when asked about how long the oil price hike will last. Garin said that even she at the DOE does not know how long the series of oil price hikes will last. According to Garin, as long as the war in the Middle East does not subside, the movement of oil prices is uncertain. Despite this, the DOE assured that there is enough oil supply in the country until the e…
Big-Time Oil Price Hike Set on Tuesday (March 10, 2026)
Big-Time Oil Price Hike Set on Tuesday (March 10, 2026) FUEL PRICE UPDATE – Various gasoline stations in the country are set to implement a big-time oil price hike starting this week. Starting Tuesday (March 10, 2026), motorists may soon feel the impact of higher fuel prices as oil companies prepare to implement a significant ... Read more The post Big-Time Oil Price Hike Set on Tuesday (March 10, 2026) appeared first on PhilNews.
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