The country’s fuel inventory has increased to an average of 52.02 days amid ongoing tensions in the Middle East, as steady deliveries and reduced consumption boosted supply levels, Energy Secretary Sharon Garin said.
As of April 17, projected supply levels by fuel type are as follows: gasoline at 54.47 days, diesel at 50.13 days, kerosene at 129.93 days, jet fuel at 60.69 days, fuel oil at 78.87 days, and LPG at 40.26 days.
Garin noted a two-day increase in overall inventory, highlighting gains particularly in diesel and LPG, which she said significantly improve projections by the Department of Energy (DOE).
She attributed the steady inventory to consistent fuel deliveries and a nationwide decline in consumption. According to Garin, more Filipinos are consciously cutting fuel use through measures such as work-from-home setups and carpooling.
To further conserve energy, the DOE will roll out a weekly “Earth Hour” initiative, encouraging the public to switch off non-essential electricity every Saturday from 8 p.m. to 9 p.m.
Meanwhile, Energy Undersecretary Sandy Sales said a third diesel shipment of about 320,000 barrels, or 50.88 million liters, procured by the Philippine National Oil Company Exploration Corporation, is expected to arrive.
The cargo will be unloaded at the Subic terminal of the Philippine Coastal Storage and Pipeline Corporation and supplied through trader Trafigura.
A fourth shipment, carrying 330,000 barrels or 52.47 million liters, is scheduled to arrive on April 24 via trader Vitol, with delivery set for the Insular Oil depot in Davao City.
These follow earlier deliveries of 142,000 barrels from Japan on March 26 and 329,000 barrels on April 10, according to the DOE.
Sales also confirmed the purchase of 21,000 metric tons of LPG by PNOC from the United States, expected to arrive between the third and last week of May via Singapore.
As of April 17, the country’s LPG inventory stood at 40.26 days of supply, up by around four days from the previous week.
