The Philippines declares state of emergency over fuel crisis

菲律宾宣布因燃油危机进入紧急状态

World Business Report

2026-03-25

8 分钟
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The Philippines has declared a state of national energy emergency as the conflict in the Middle East cuts fuel supplies. President Ferdinand Marcos Jr said he had signed an executive order to safeguard energy security amid severe disruption to global supply chains. The Philippines is highly dependent on fuel imports and particularly vulnerable to disruptions in production and shipments. The US-Israel war with Iran - and the effective closure of the Strait of Hormuz, a key shipping route - has sent shock waves through global energy markets, causing soaring prices and shortages. Meanwhile Slovenia has become the first EU member state to implement fuel as many countries experience steep hikes in fuel prices. In Slovenia, this has resulted in so-called "fuel tourism", as drivers from neighbouring countries, particularly Austria, take advantage of the lower, regulated prices here. Under the new measures, private motorists in Slovenia will be restricted to a maximum purchase of 50 litres of fuel per day. Businesses and farmers have a more generous allowance of 200 litres. And after eight years of negotiation, the EU and Australia have signed new trade deal that will remove the vast majority of tariffs for both markets. As a result European shoppers could soon see more Australian beef on the shelves and the EU will be able to sell more cars, chemicals and steel in Australia.
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  • The Philippines declares an energy emergency.

  • It's World Business Express from the BBC World Service.

  • I'm Sarah Rogers.

  • Traders bet millions on oil just before Trump delayed Iran's strikes.

  • And the EU and Australia agree a trade deal.

  • We're starting today in the Philippines, which has declared a national energy emergency.

  • The president, Ferdinand Marcos Jr. Said supply in the country is in imminent danger as fuel prices

  • continue to surge across the world as the U.S.-Israel war with Iran continues.

  • The BBC's Surinjana Tawari spoke to World Business Express from a petrol station in the capital, Manila.

  • The price of diesel and petrol is more than double now.

  • And there's really few nations that are more exposed to the disruption to oil supplies.

  • So what does the executive order mean?

  • Well, it allows the government to oversee the orderly distribution of fuel, food, medicine and other essential goods.

  • There were some fears about hoarding of.

  • Food supplies, for example, and this means that the government can have a bit more control.

  • It also means that the government can buy fuel and petroleum products to try and shore up supplies.

  • Do we know how much energy the country has left?

  • You know, the Philippines is still a developing economy,

  • although it is doing relatively well, but they still do n't have the storage facilities that a more

  • developed economy might have when it comes to fuel.

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