top of page

President Ferdinand Marcos Jr. said the Philippine government is working to secure additional crude oil sources amid global supply concerns linked to Middle East tensions.

President Marcos: PH oil reserves good until June 30 but still looking for additional crude oil

President Ferdinand Marcos Jr. said the Philippine government is working to secure additional crude oil sources amid global supply concerns linked to Middle East tensions.

March 26, 2026

Paraluman News

People queue at a gas station as oil prices are expected to increase amid the U.S.-Israel conflict with Iran, in Quezon City, Metro Manila, Philippines, March 9, 2026.

Lisa Marie David/Reuters

President Ferdinand Marcos Jr. said the Philippine government has sufficient oil supply until June 30 but is still working to secure additional crude oil sources amid global supply concerns linked to Middle East tensions.


The President emphasized this during the inauguration of the NAIAX Westbound Off-Ramp to NAIA Terminal 3 in Pasay on Friday.


Marcos assured the public that the current supply of crude oil is sufficient through June 30.


“Patuloy pa rin ang ating paghahanap ng supply. Patuloy pa rin ang ating pagsuporta sa ating mga commuter para naman mabawasan ang bigat ng epekto nitong nagkakagulo sa Middle East,” the President said.


He noted that importing crude oil for local refining remains more cost-effective than importing finished petroleum products.


“Mas mahal ‘yung magpapasok ka ng refined na, na diesel na. At ika niya ay mayroon na tayong supply of crude oil, sufficient supply hanggang June 30,” Marcos said.


Friday's event marked the opening of a 320-meter off-ramp designed to ease airport congestion.


It was attended by Department of Public Works and Highways (DPWH) Acting Secretary Vivencio Dizon; President and CEO of Petron oil company Ramon Ang; Department of Transportation (DOTr) Acting Secretary Giovanni Lopez; Toll Regulatory Board (TRB) Executive Director Jose Arturo Tugade, and Pasay City Mayor Imelda Calixto-Rubiano.


Meanwhile, reports indicate that a shipment of over 700,000 barrels of Russian crude oil recently arrived in the Philippines.

TOP BUSINESS STORIES

Add a Title

Start Now

Add a Title

Start Now

Add a Title

Start Now
IMF: Asia should keep policy in balance amid Middle East energy disruptions

IMF: Asia should keep policy in balance amid Middle East energy disruptions

Start Now
Senator Mark Villar: Transport, fisheries workers among sectors needing assistance amid energy crisis

Senator Mark Villar: Transport, fisheries workers among sectors needing assistance amid energy crisis

Start Now
Trump to sign order expanding workers’ access to retirement plans — reports

Trump to sign order expanding workers’ access to retirement plans — reports

Start Now

LATEST NEWS

Add a Title

Start Now

Add a Title

Start Now

Add a Title

Start Now
British street artist Banksy mysteriously installs statue of man blinded by flag in London

British street artist Banksy mysteriously installs statue of man blinded by flag in London

Start Now
Trump on King Charles: 'He's the greatest king, in my book'

Trump on King Charles: 'He's the greatest king, in my book'

Start Now
Four people rescued after bus falls into river Seine near Paris

Four people rescued after bus falls into river Seine near Paris

Start Now

PARALUMAN NEWS

© 2025 Paraluman News Publication

bottom of page