Philippine president declares energy emergency as impact of Iran war felt
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Philippine president declares energy emergency as impact of Iran war felt
"Transport unions have labeled the emergency declaration as a superficial band-aid, arguing that it fails to tackle the root causes of the ongoing fuel crisis affecting the nation."
"The emergency declaration will enable the government to implement responsive measures under existing laws to address risks posed by disruptions in the global energy supply and domestic economy."
"Authorities are empowered to take action against hoarding, profiteering, and manipulation of petroleum product supplies, ensuring a more stable fuel market during the crisis."
"Secretary of Energy Sharon Garin indicated that the country has approximately 45 days of fuel supply based on current consumption levels, while efforts are underway to procure additional oil."
Philippine President Ferdinand Marcos Jr declared a national energy emergency due to the US-Israel war on Iran affecting energy supply. Transport unions and consumer groups plan a strike to protest rising fuel prices and government inaction. The emergency declaration allows the government to implement measures to manage fuel and essential goods supply. A committee has been formed to ensure distribution and availability. The declaration lasts one year and enables procurement of fuel, with authorities empowered to combat hoarding and profiteering. The country currently has about 45 days of fuel supply.
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