The provincial government of Davao del Norte is planning to import petroleum from Malaysia as tensions in the Middle East continue to affect global oil supply.
Davao del Norte Governor Edwin Jubahib said the province is working on a plan to secure about 44 million liters of fuel from Malaysia. According to the governor, negotiations are ongoing between the provincial government and a gas company in Malaysia to purchase diesel.
Jubahib said the move aims to ensure a stable supply of petroleum in the province amid concerns about possible shortages. The plan is part of the province’s initiative to sustain the demand for fuel as supply pressures continue to rise.
The governor noted that petroleum prices in the Philippines have nearly doubled, which he linked to the ongoing tensions in the Middle East. These developments have raised concerns among local officials about the availability of fuel in the coming weeks.
Earlier, the Department of Energy disclosed that the country has about 50 days of gasoline supply remaining. Meanwhile, the supply of crude oil is estimated to last no more than 45 days.
The provincial government said it continues to explore measures to maintain fuel availability and prevent supply disruptions that could affect local operations and daily activities.
Officials emphasized that the planned importation from Malaysia is intended to support fuel demand and help address supply concerns as global tensions continue to impact petroleum markets.
