Fuel supply in Philippines enough for 50 days — DOE
MANILA, Philippines — The country’s fuel supply is enough for 50.42 days amid the global oil supply disruption caused by ongoing tensions in the Middle East, the Department of Energy (DOE) said on Tuesday, April 7.
In a press briefing with reporters, DOE Secretary Janet Garin said that the country’s fuel supply is sufficient until late May, as the country has 75.052 million liters of fuel as of April 3.
However, Garin explained that the 50-day supply does not mean stocks will be depleted after May but rather reflects the period within which replenishment should happen.
“That means the supply we have as of today is good up to 50 days, which means the latter half of May. So ang ibig sabihin nun, it’s not like we won’t have any more supply after May or at the end of May. It basically means we have 50 days to replenish what we consume,” Garin said.
(That means the supply we have as of today is good up to 50 days, which means the latter half of May. So it means, it's not like we won't have any more supply after May or at the end of May. It basically means we have 50 days to replenish what we consume.)
The following are the kinds of oil, average daily demand and total expected available days of supply, according to the DOE:
Meanwhile, a shipment of 300,000 barrels of diesel procured by the government from Malaysia is set to arrive on Friday, April 10, according to Energ Undersecretary Alessandro Sales.
The agency also expects 600,000 barrels of diesel to arrive later this month.
On Tuesday, oil firms implemented price increases on their petroleum products, with diesel prices ranging from P18 to P19.50 per liter.
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