Government buys 300,000 barrels of dieselA motorcycle rider refuels at a gasoline station in Quezon City yesterday as higher fuel prices are expected next week. MANILA, Philippines — A shipment of 300,000 barrels of diesel is set to arrive next week, the Department of Energy (DOE) said, as it works to secure supplies amid the global oil crisis. The Philippine National Oil Co. bought the diesel from a Southeast Asian nation, which Energy Secretary Sharon Garin did not identify. If it goes up to $200 per barrel, then it’s another jab for the pump prices,” Garin said. “The small and the micro businesses have very little resources or breathing room when it comes to an uptick in fuel prices,” Ferrer said.

Source: Philippine Star March 20, 2026 18:36 UTC