Sign In
The News Ink™ | World News | Sports | Technology | Business
  • Technology
  • Anime
  • Sports
  • Business & Finance
  • Beauty & Fashion
  • Top Stories
  • More
    • Lifestyle
    • Bizarre
    • Current Affairs
    • Entertainment
    • Health
    • Opinion
    • Science
    • Travel
Reading: Philippines Declares Energy Emergency as Iran Conflict Drives Fuel Prices Higher
Share
The News Ink™ | World News | Sports | Technology | BusinessThe News Ink™ | World News | Sports | Technology | Business
Font ResizerAa
  • Travel
  • Opinion
  • Science
  • Technology
  • Beauty & Fashion
  • Technology
  • Anime
  • Sports
  • Business & Finance
  • Beauty & Fashion
  • Top Stories
  • More
    • Lifestyle
    • Bizarre
    • Current Affairs
    • Entertainment
    • Health
    • Opinion
    • Science
    • Travel
Have an existing account? Sign In
The News Ink™ | World News | Sports | Technology | Business > Blog > Business & Finance > Philippines Declares Energy Emergency as Iran Conflict Drives Fuel Prices Higher
Business & Finance

Philippines Declares Energy Emergency as Iran Conflict Drives Fuel Prices Higher

Dowry Lane
Last updated: March 25, 2026 9:31 am
Dowry Lane
Share
Fuel pumps in the Philippines as government declares energy emergency
The Philippines declares a national energy emergency to stabilize fuel supplies amid the Iran conflict
SHARE

The Philippines has declared a national energy emergency, becoming the first country to take such action in response to the war in Iran. President Ferdinand Marcos Jr signed an executive order to protect the country’s energy security, citing the “imminent danger” to fuel availability and stability.

The US-Israel conflict with Iran, combined with the effective closure of the Strait of Hormuz—a crucial shipping route—has disrupted global energy markets, driving up oil prices and creating shortages. The Philippines relies on the Gulf for 98% of its oil, and the price of diesel and petrol has more than doubled since the conflict began on 28 February.

Under the emergency order, the government can impose measures to stabilize energy supplies and protect the economy. A special committee will oversee the distribution of fuel, food, medicines, and other essential goods. The government can also purchase fuel directly to ensure adequate supply.

President Marcos urged Filipinos not to panic, saying the government is securing additional sources of fuel. He expressed confidence that supplies will remain sufficient before the current 45-day stock runs out. “We will have a flow of oil—not just one or two deliveries, but a continuous flow of oil-related products,” he said.

The declaration will remain in effect for one year unless extended or lifted by the president. It follows calls from senators highlighting the “emergency-level” hardship families face due to soaring fuel prices. Diesel and petrol prices continue to exceed double their pre-war levels.

Some critics, including the labor coalition Kilusang Mayo Uno (KMU), have condemned the declaration, calling it an admission that the government failed to address the crisis. They also raised concerns about clauses in the order that could restrict strikes or other economic disruptions, potentially limiting workers’ rights.

Meanwhile, business leaders have welcomed the move. Tycoon Manuel V. Pangilinan, who chairs major utilities companies, said rising energy costs are straining operations and supported giving the government every option to stabilize the economy during this difficult period.

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
TAGGED:Philippines Declares Energy Emergency as Iran Conflict Drives Fuel Prices Higher
Share This Article
Twitter Email Copy Link Print
Previous Article ABC journalists protesting outside office during first strike in 20 years ABC Journalists Stage First Strike in Two Decades Over Pay and Working Conditions
Next Article Person holding a wall squat as part of isometric exercise routine Isometric Exercise: Quick, Effective Workouts for Strength and Heart Health
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Editor's Pick

Hot News

GHC Sportswear® Expands Global Reach as Certified Custom Apparel Manufacturer Serving Brands in 20+ Countries

GHC Sportswear®: Certified Custom Apparel Manufacturer in Pakistan for Global…

June 5, 2026

Employee Revolt Forces Meta U-Turn: Workers Can Now Pause AI Keystroke Tracking for 30 Minutes After “Dystopian” Backlash

Meta Workers Opt Out Tracked Work…

June 4, 2026

SpaceX IPO Valuation Soars to $1.75 Trillion as Elon Musk Targets Record-Breaking Market Debut

Introduction The SpaceX IPO valuation has…

June 4, 2026

Economy Guide: Inflation, Interest Rates, and Recessions Explained

How the Economy Works: Inflation, Interest…

June 3, 2026

Take Control of Your Money: 12 Powerful Habits for a Stronger Financial Future

Take Control of Your Money: 12…

June 3, 2026

You Might Also Like

Bitcoin and Ethereum Prices Today showing cryptocurrency market decline with Bitcoin below $69,000 and Ethereum under $2,000
Business & Finance

Bitcoin Price Falls Below $69K as Bitcoin and Ethereum Prices Today Slide Amid Market Uncertainty

Bitcoin and Ethereum Prices Today: Crypto Market Faces Fresh Selling Pressure The Bitcoin and Ethereum Prices Today are moving lower…

8 Min Read
Mette Frederiksen government announced after Denmark coalition negotiations
Business & Finance

Mette Frederiksen Government: 7 Key Takeaways From Denmark’s New Coalition Deal

Mette Frederiksen Government Confirmed After Lengthy Negotiations The Mette Frederiksen government is set to begin a new chapter in Danish…

8 Min Read
Pilot air show crash involving vintage aircraft during Bedfordshire aviation event
Business & Finance

Pilot Hospitalised After Air Show Crash as Vintage Aircraft Becomes Trapped in Tree

Pilot Air Show Crash: 7 Key Updates After Aircraft Incident at Bedfordshire Event Pilot Air Show Crash Shocks Visitors at…

8 Min Read
Universal rejects Bill Ackman takeover $64.3B takeover bid
Business & Finance

Music Industry Shockwave: Universal Music Group Slams $64.3 Billion Ackman Bid as “Materially Undervaluing” Business

Universal Rejects Bill Ackman Takeover $64.3 Billion Offer Universal rejects Bill Ackman takeover entertainment giant behind Taylor Swift Sabrina Carpenter Kendrick…

55 Min Read
The News Ink™ | World News | Sports | Technology | Business

Categories

  • Anime
  • Beauty & Fashion
  • Bizarre
  • Business & Finance
  • Current Affairs

Explore

  • Top Stories
  • Entertainment
  • Health
  • Lifestyle
  • Opinion

More

  • Science
  • Sports
  • Technology
  • Travel

Legal Docs

  • Home
  • About Us
  • Contact
  • Blog
  • Privacy Policy
  • Terms and Conditions

© The News Ink. All Rights Reserved. Powered By IQC Solutions ®

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Register Lost your password?