National petrol reserve pushed amid Middle East crisisA family sits against the backdrop of a dockyard off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. MANILA, Philippines — A national petroleum reserve was proposed to protect the Philippines from fuel supply disruptions and price spikes linked to global crises. Senate President Tito Sotto filed Senate Bill 1934, or the Philippine Strategic Petroleum Reserve Act, amid the Middle East conflict that has sent global oil prices soaring. He noted that the country does not maintain a well-placed, state-managed petroleum reserve that could cushion prolonged supply disruptions. Proposed 90-day fuel reserveUnder the proposed law, the Department of Energy (DOE) would manage a petroleum reserve with stocks that can last at least 90 days of the country's average national consumption.

Source: Philippine Star March 05, 2026 23:32 UTC