From Rappler

By Rhianna Ramos

On Friday, March 27, President Ferdinand “Bongbong” Marcos Jr. stated that the Philippines has enough crude oil supply to last until the end of June 2026, addressing concerns over potential fuel shortages amid ongoing global uncertainties.

“We have enough supply of crude oil until June 30,” the President told reporters, emphasizing that there is no immediate cause for alarm.

The announcement comes as the government continues to monitor global oil market developments, particularly fluctuations in prices and supply disruptions that could affect import-dependent countries like the Philippines.

According to the President, relevant agencies are closely coordinating with oil suppliers and industry stakeholders to ensure uninterrupted distribution.

He added that contingency measures are also in place should unexpected changes in global supply chains arise.

Energy officials have likewise maintained that the country’s inventory levels are within acceptable thresholds, with support from steady importation and proper stock management.

These inventory levels align with earlier projections that local reserves would remain adequate despite external pressures.

Furthermore, Marcos underscored the importance of maintaining energy security, saying that stable oil supply is crucial for transportation, industry operations, and overall economic activity.

He also reiterated that the administration is taking proactive steps to prevent shortages and cushion the impact of global oil volatility on consumers.

While the supply outlook remains secure for now, the President acknowledged that the government must remain vigilant, especially as geopolitical tensions and market shifts continue to influence fuel availability and pricing worldwide.

As crude oil supply is expected to remain sufficient until June, the administration aims to provide stability in the energy sector while pursuing longer-term strategies to strengthen the country’s resilience against external shocks.