The Department of Energy (DOE) said the government is not yet considering the implementation of fuel price controls despite the continuous “mega” price hikes in petroleum products.

Energy Secretary Sharon Garin clarified that no price intervention measures are currently in place, as authorities continue to assess possible responses to rising global oil prices.

Instead, the government is prioritizing the stability of fuel supply in the country. Garin said efforts are focused on ensuring that oil companies maintain adequate inventory levels while authorities explore alternative suppliers that can offer more affordable fuel.

The DOE also assured the public that supply remains sufficient, with around 900,000 barrels of diesel expected to arrive in the country next month. This is part of broader measures to cushion the impact of volatile oil prices on local consumers.

Through coordination between the DOE and the Philippine National Oil Company (PNOC), the government is targeting the procurement of up to two million barrels of petroleum. Of this, about 1.042 million barrels have already been ordered and confirmed, signaling ongoing efforts to secure the country’s energy needs amid global uncertainties.