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Energy Secretary Sharon Garin says supply remains ‘manageable’ and ‘not yet fearless’
MANILA, Philippines – The Philippines had an average oil supply of 45 days as of March 20, down from 55 to 57 days when the war in the Middle East began almost a month ago, Energy Secretary Sharon Garin said.
In a press conference on Tuesday, March 24, Garin said the supply of LPG in the country was for 23 days, jet fuel for 38 days, diesel for 45 days, gasoline for 53 days, fuel oil for 61 days, and kerosene for 97 days.
All these calculations are based on the average daily demand of the Philippines from April to September 2025.
“If it increases, we will shorten the number of days. If he is stable, it is 45 days,” Garin said, adding that fuel storage by everyone can increase the supply time.
(If consumption increases, the number of days supply decreases. If steady, 45 days supply.)
He said the situation is not yet alarming as the average supply has not decreased to 15 days.
Garin described the distribution as still “manageable.” He said state-owned Philippine National Oil Company (PNOC) was working to increase reserves by 1 million barrels of oil worth P10 billion, good for an extra week.
PNOC has already purchased an additional 400,000 barrels of oil and is negotiating another 600,000 barrels.
He said the government has had “successful talks” with South Korea, India, Japan, and even China on increasing the Philippines’ oil inventory.
Garin called on the public and private sectors to conserve oil, and for petroleum businesses not to engage in profiteering.
In terms of prices, the energy chief said the price increase this week will be from P8 to P12 per liter of gasoline, P15 to P18 per liter of diesel, and P12 to P22 for kerosene.
This increase would result in pump prices ranging from P82.60 to P102.5 for cheap gasoline, P107 to P134 for diesel, and P114.99 to P144.20 for diesel plus. – Rappler.com
