P20 billion DOE emergency fund OK’dMANILA, Philippines — The Marcos administration has approved the release of a P20-billion emergency fund to the Department of Energy (DOE) to finance fuel product procurement, as the country grapples with a “national energy emergency” triggered by the US-Iran war. It aims to stabilize fuel availability, curb supply shortages and soften the impact of volatile global oil prices. The approval came after President Marcos declared a national energy emergency on Tuesday in response to the Middle East war, which he described as posing an “imminent danger” to the country’s energy supply. However, the impact of the fuel supply strain is already being felt on the ground. Senators, for their part, warned against possible corruption risks amid the large-scale government spending for fuel procurement.

Source: Philippine Star March 25, 2026 16:37 UTC