Marcos: After 45 days, we will have a 'flow of oil'
Published Mar 25, 2026 04:44 pm
After declaring a state of national energy emergency, President Ferdinand R. Marcos Jr. holds a press conference at the Malacañan Palace on March 25, 2026. (Betheena Unite)
There will be a sufficient supply of oil even after the 45-day worth of fuel supply in the country is used up, President Marcos said.
Marcos made the assurance during a public address on Wednesday, March 25, a day after declaring a state of national energy emergency.
He confidently stated that the Philippines "will be alright" for 45 days, noting that the country's 45-day fuel supply is secured.
"And although we cannot be assured right now of the supply, we can be sure that at least for 45 days we will be alright," Marcos said.
"I think that we can be fairly confident – we can be confident that after the 45 days, we still have already arrived here in the Philippines. We will have already a flow of oil, not just one delivery, not just two deliveries, but a flow of petroleum and petroleum-related products," he added.
The President said the government is trying to get oil from everywhere, stressing that the Philippines will not stop asking other countries, especially those that are not affected by the Middle East crisis.
"So we are continuing to do this. We will not stop. We will not stop this process so that we will ensure the supply of petroleum and petroleum products to the Philippines," Marcos said.
According to the Chief Executive, Philippine authorities are continuing to find sources and ensure that the contracts will be honored.
'We have no problem over petroleum supply'
While the Philippines continues to seek other sources of oil, Marcos maintained that the country has a "sufficient supply."
"And right now, I'm very confident in saying that we have sufficient supply. We will continue to source those supplies," he said.
"And I do not think that there is a problem. Sa aming analysis, wala tayong problema para sa supply ng petrolyo at saka ng mga petroleum products (Based on our analysis, we have no problem with the supply of petroleum products)," he stressed.
The President, however, recognized that the increasing oil prices are beyond the government's control.
"Oil will do what it will do. The markets will behave in the way that they behave. No one, not even the producers, have control over the world price of oil," he said.
"All that we can do is to compensate our people and to support our people so that they have some assistance in the face of this," he added.
Take over oil firms?
Marcos dismissed the possible takeover of oil firms amid energy woes in the country, saying he does not want to get into such a discussion.
"We don't want to get into that discussion," he said when asked if the government would consider temporarily taking over oil companies.