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Philippines faces fuel crisis due to Middle East tensions, rising prices, and import dependence, prompting emergency measures.
The Philippines faces rising fuel prices and economic strain due to Middle East tensions disrupting oil supplies, with diesel expected to hit ₱84.75 per liter and gasoline up to ₱60.85.
President Marcos Jr. is seeking emergency powers to suspend fuel excise taxes, while the government urges conservation, implements a four-day workweek, and warns against hoarding.
The country’s heavy reliance on Middle Eastern oil and lack of a national petroleum reserve heighten vulnerability, risking power outages in off-grid areas.
Meralco and local agencies are promoting energy savings, and the government is exploring new suppliers and renewable energy projects to reduce dependence on imports.
Filipinas se enfrenta a una crisis de combustible debido a las tensiones en el Medio Oriente, el aumento de los precios y la dependencia de las importaciones, lo que ha provocado medidas de emergencia.