MANILA – The Department of Energy (DOE) on Monday reassured the public that the country’s fuel supply remains stable, even as global oil markets continue to fluctuate.
Energy Secretary Sharon Garin said in an April 24 online briefing that the Philippines currently holds an average of 54 days’ worth of fuel stocks. Breakdown figures show gasoline at 53.01 days, diesel at 54.61 days, kerosene at 168.74 days, jet fuel at 70.83 days, fuel oil at 67.55 days, and LPG at 38.44 days.
Garin added that LPG inventory is expected to improve further following a consolidated purchase from a U.S. supplier scheduled to arrive in May.
The DOE also reported the successful arrival of four diesel shipments under the government’s Emergency Energy Security Program, which delivered a combined 178.33 million liters. These shipments, sourced mainly from Japan, arrived at ports in Batangas, Subic, and Davao from late March to April.
Officials said the deliveries are part of measures under Executive Order No. 110 aimed at strengthening the country’s fuel buffer amid geopolitical tensions, particularly in the Middle East.
At the same briefing, Garin announced a significant fuel price rollback. Diesel prices will drop by PHP12.94 per liter, while kerosene will decrease by PHP15.71 per liter. Gasoline prices, however, will rise by PHP0.53 per liter. Oil companies are required to implement the adjustments.
On the power outlook, DOE Undersecretary Rowena Guevara said there is no expected yellow alert in any grid for May, based on current supply and demand projections. However, she noted that unexpected outages at power plants remain a factor that could still affect stability.
ia/xf
