Palace: PH facing ‘price disruption,’ not yet an oil crisis

Palace: PH facing ‘price disruption,’ not yet an oil crisis

MANILA, Philippines — Palace Press Officer Claire Castro on Monday supported Energy Secretary Sharon Garin’s statement that the country is not yet experiencing an oil crisis but is instead facing a “price disruption” caused by the conflict in the Middle East.

At a briefing, Castro said there is still a sufficient supply of fuel products in the Philippines and that the government is taking measures to ensure the country does not run out of fuel.

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“When we say oil crisis, it is also clear what Secretary Sharon Garin of the DOE [Department of Energy] said, that at present, we are not yet considering that we have an oil crisis because our oil supply is complete and sufficient,” she explained in Filipino.

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