00:00The Department of Energy has implemented the Emergency Energy Security Program to strengthen the country's fuel reserves with 2 million
00:08barrels of fuel supply as its target.
00:11So they are reaching out to almost every neighboring country for a diverse oil supplier.
00:16Elijah Canlas has more in this report.
00:20The government assures the public that the country has enough energy supply despite the continuous changes in global oil prices.
00:29More than 22 million liters of diesel are now in reserve to prevent any shortage in our local inventory.
00:37The Department of Energy or DOE immediately implemented the Emergency Energy Security Program under Executive Order No. 110 which aims
00:47to strengthen our fuel reserves.
00:49Under the directive of President Ferdinand R. Marcos Jr., the PNOC and PNOC Exploration Corporation continue their operations through the
00:59DOE.
01:00The country targets an additional 2 million barrels of fuel supply for the National Strategic Reserve.
01:07This move aims to protect the transportation sector and key industries from high oil prices in the global market which
01:15directly affects the pockets of Filipinos.
01:17So sa ngayon po, ang malampaya po steady po ang presyo, hindi po maakit.
01:23Dahil sa ating yun eh, hindi siya imported.
01:25Yung mga imported natin, yung LNG, mga triple na yung presyo.
01:30Kaya nakakadagdag sa problema po yung imported.
01:35So magandang discovery to.
01:39Kasi po, this will maintain our energy security.
01:42Tsaka yung presyo natin po sa electricity in the affected.
01:45As a result of these negotiations, the first batch of 144,000 barrels of diesel from Japan arrived in the
01:54country last Wednesday.
01:55An additional 850,000 barrels of diesel are expected to arrive in the coming weeks.
02:02Aside from Japan, the Philippines also started importing crude oil from Russia since it opened exports to neighboring countries.
02:09Although prices depend on the global market, resulting in high costs at the gas stations, Energy Secretary Garin insists that
02:18the department will not allow the livelihood of Filipinos to be disrupted.
02:22Kinausap natin lahat, Japan, Thailand, Korea, South Korea, pati po Brunei, Malaysia, Indonesia.
02:32Yan po lahat po, mga neighbors natin, mga kaibigan natin, kinausap natin.
02:36Tapos kinausap rin namin India, ngayon po kinakausap namin Argentina, Colombia, Canada.
02:45Lahat po kinakausap para diversified tayo.
02:48The DOE continues to call on the public to save energy in every way possible to reduce expenses amid rising
02:55oil prices.
02:56Elijah Canlas from the National TV Network for the New and Better Philippines.
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