Denying the crisis exists reduces his credibility when it becomes full blown. The crisis became officially serious after BBM told Bloomberg that grounding planes is a “distinct possibility.”“Several countries have already told our airlines they cannot fuel their aircraft, so they have to carry fuel there and back.”Even as BBM’s spokesperson is still saying there is no crisis, BBM has declared a state of energy emergency. If this oil crisis sticks long enough, even our electricity supply will be affected. Petron has processed Russian crude before the Ukraine crisis. It took BBM a while to recognize a crisis but better late than later.

Source: Philippine Star March 26, 2026 16:39 UTC