يحاول ذهب - حر
'PREPARE FOR WORST,' DOE COUNSELS PUBLIC
March 11, 2026
|Business Mirror
PREPARE for the worst but hope for the best.
A day after oil firms started implementing the highest, largest single-week increase, Energy Secretary Sharon Garin said Tuesday that the worst is not yet over.
"For me, I would expect the worst because it's better to be overprepared. I don't have the vision of what will happen by next week or how long this will last. I just want to prepare. We must prepare for the worst," the energy chief said.
To make sure that "the Philippines will be okay fueland power-wise," Garin urged oil companies to order fuel imports early while the government seeks more sources of fuel from other countries. "If say, for instance, we can no longer buy from South Korea I am optimistic that we have other countries that we can buy fuel from like Canada, Brazil, India, and Australia. That is what we are doing now," she said in a radio interview.
Amid heightened geopolitical tensions in the Middle East and the potential ripple effects on global fuel markets, Garin said fuel rationing is not being considered as this would be a "very disruptive" move. "I am not recommending that now to the President...I don't think it will come to that. We will work hard to avoid that."
Oil firms agreed to implement staggered pump price adjustments beginning March 10 amid continued volatility in international oil prices linked to ongoing developments in the Middle East.
هذه القصة من طبعة March 11, 2026 من Business Mirror.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Business Mirror
Business Mirror
Coming home
ONE week into his appointment as the new head coach of the University of the Philippines (UP) women's basketball team, Eric Altamirano has been getting back the feel of his home university.
3 mins
March 12, 2026
Business Mirror
Wilt, me, then Kobe, crazy-Bam Adebayo
It's Wilt, then Bam.
3 mins
March 12, 2026
Business Mirror
Collaborative parenting: A new way to guide our children-Part I
PARENTING has changed in meaningful ways over the years.
3 mins
March 12, 2026
Business Mirror
Government pushing to seal 20 trade pacts
THE Philippines is stepping up negotiations with major economies as it targets a total of 20 free trade agreements by the end of the administration of President Ferdinand Marcos Jr.
2 mins
March 12, 2026
Business Mirror
GSIS to allow govt employees to borrow P0.5M for installation of solar panels
The state-run Government Service Insurance System (GSIS) announced it will soon allow government employees to borrow as much as half a million to install solar panels in their homes.
1 mins
March 12, 2026
Business Mirror
EU offers P125-million grant to help Filipino MSMEs 'go green'
THE European Union is inviting project proposals to help micro, small, and medium enterprises (MSMEs) transition to eco-friendly practices through a new P125-million grant under the EU-Philippine Green Economy Partnership.
1 mins
March 12, 2026
Business Mirror
SFA: Diplomacy remains first line of defense
At the 62nd Munich Security Conference (MSC), Secretary of Foreign Affairs (SFA) Ma. Theresa P. Lazaro emphasized the importance of a rules-based order governed by international law for a secure and stable maritime domain.
1 mins
March 12, 2026
Business Mirror
India, Bangladesh urea firms shut units as war cuts LNG flow
SOME urea producers in India and Bangladesh have shut down plants or moved up annual maintenance after Qatari supplies of liquefied natural gas (LNG), a key feedstock, were suspended due to the Iran war.
2 mins
March 12, 2026
Business Mirror
First Gen starts building Batangas solar plant
First Gen Corp. has broken ground on the site of its first utility-scale solar power project in Batangas.
2 mins
March 12, 2026
Business Mirror
Airlines hike fares, fuel surcharges after wild oil price swings
AIRLINES around Asia are increasing fares and hiking fuel surcharges as the Iran war sends oil prices swinging wildly and stokes fears of jet fuel shortages if the conflict worsens.
2 mins
March 12, 2026
Listen
Translate
Change font size
