DOE Reports Strengthened Philippine Oil Inventory, Supply Sufficient for 52 Days
MANILA, Philippines — The Department of Energy (DOE) has assured the public of a stable energy outlook, confirming that the country’s national oil inventory is currently projected to last for 52.02 days.
In a recent update, DOE Secretary Sharon Garin highlighted a notable growth in the country's reserves, covering essential fuel types including gasoline and Liquefied Petroleum Gas (LPG). This strengthening of the inventory suggests a more resilient domestic supply chain amid fluctuating global market trends.
Secretary Garin attributed the improved figures to a combination of strategic shifts in labor and consumer habits. The continued implementation of work-from-home (WFH) schemes across various sectors, along with proactive energy conservation efforts by both businesses and private consumers, have reportedly led to significant savings that are now reflecting in the national data.
Courtesy: Department of Energy
As of April 17, the DOE provided a specialized breakdown of the country’s fuel stocks:
Kerosene: 129.93 days
Fuel Oil: 78.87 days
Jet Fuel: 60.69 days
Gasoline: 54.47 days
Diesel: 50.13 days
LPG: 40.26 days
While the current figures indicate a comfortable buffer, the DOE remains vigilant. The department stated it will continue to monitor the global oil market closely to safeguard the country's energy security and ensure a steady supply for the coming months.