PH CRUDE OIL SUPPLY ENOUGH UNTIL JUNE – MARCOS

PRESIDENT Ferdinand ”Bongbong” Marcos Jr. on Friday said the country has sufficient crude oil supply until June 30, 2026.

The President issued the assurance as he said the government continues to seek other sources of crude oil.

“Mayroon na tayong supply of crude oil, sufficient supply hanggang June 30.  Pero patuloy pa rin ang ating paghahanap ng supply. Patuloy pa rin ang ating pagsuporta sa ating mga commuter para naman mabawasan ang bigat ng epekto nitong nagkakagulo sa Middle East,” said President Marcos in his message during the opening of Ninoy Aquino International Airport Expressway (NAIAX) – Westbound Off-Ramp to NAIA Terminal 3 Project, in Pasay City.

President Marcos said he had already had some discussions with Ramon Ang, who is also the president and CEO of Petron, a major fuel company in the Philippines.

“Napag-usapan din namin ni Ramon Ang ang mga pagpasok ng fuel sa atin,” President Marcos said.

“At in terms of crude oil supply, dahil pinapasok nila ang crude oil para i-refine dito sa Pilipinas. Iba ang presyuhan kapag nagpasok tayo ng krudo mismo, ng diesel, kaysa sa nagpasok tayo ng crude oil at tayo ang mag-refine,” President Marcos added.

According to news reports, a shipment of over 700,000 barrels of Russian crude oil has arrived in the country.