No oil crisis, says DOE chiefAn oil tanker fills up a gas station in Payatas, Quezon City on Saturday. MANILA, Philippines — Department of Energy (DOE) Secretary Sharon Garin maintained yesterday that the Philippines is not facing an oil crisis, stressing that fuel supply remains adequate despite record-high prices. The DOE and even oil companies cannot control the international market,” Garin said over radio dzMM yesterday. The energy chief issued the statement as oil firms implemented steep price hikes yesterday, with diesel prices projected to reach up to P114 per liter. The DOE is also exploring possible oil imports from Russia, with talks ongoing among government agencies and oil firms.

Source: Philippine Star March 17, 2026 16:33 UTC