Philippines President Ferdinand Marcos Jr. declared a state of national energy emergency on Tuesday, warning that there was an “imminent danger” to the “availability and stability of the country’s energy supply.”
The declaration, which will be in place for one year, was made in response to the war in the Middle East and the closure of the Strait of Hormuz, which had disrupted energy markets, disrupted supply chains and driven up oil prices, “posing a threat to the country’s energy security.”
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Marcos said a committee had been formed to ensure the availability and distribution of fuel, food, medicines, agricultural products and other basic goods.
Measures include enforcing energy conservation measures, introducing fuel subsidies and other initiatives to reduce transport costs, taking action against hoarding, profiteering and manipulation of the supply of petroleum products.
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Marcos also said the government was rolling out 5,000 pesos ($83) to motorcycle taxi drivers and transport workers to help with rising fuel costs. Welfare programs have also been announced for farmers, fishermen, and other workers.
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