The Department of Energy (DOE) announced that a 22,000-metric-ton liquefied petroleum gas (LPG) shipment is expected to arrive in the country by next month to help stabilize supply levels amid ongoing global oil concerns.
During a press briefing, Energy Undersecretary Sandy Sales said the cargo was contracted through the Philippine National Oil Company (PNOC), with delivery scheduled between the second and third week of May. “So they've just signed for 22,000 metric tons of LPG… magkakaroon na rin tayo ng konting buffer stock,” Sales stated. As of April 10, the country’s LPG supply is projected to last only 36 days, prompting the government to secure additional imports and explore alternative sources to sustain inventory levels. Meanwhile, the DOE reported relatively stable inventories for other petroleum products, with gasoline supply lasting 54 days, diesel at 48 days, kerosene at 104 days, and jet fuel at 67 days. The incoming LPG shipment is expected to provide a temporary buffer as the government continues efforts to ensure energy security and mitigate the impact of global supply disruptions.
“They are also continuing to look for other sources para meron tayong continuing product sustenance,” he added.
