00:01Energy Secretary Sharon Garin says despite the pronouncement of a ceasefire between the
00:05United States and Iran, it is still difficult to predict how it will impact global and domestic
00:09oil prices.
00:11I think the problem will stay longer than the war itself. So if it ever goes back to 100 pesos
00:19or below, it will take some time. We don't have any visibility of where this will go.
00:26Meantime, the DOE says the country has enough fuel supply to last until the latter half
00:30of May, giving time for companies to replenish stocks.
00:33Data from the DOE's Oil Industry Management Bureau shows supply dipped slightly to 50.42
00:38days from 50.9 days a week earlier. But Garin says this is more than enough time to replenish
00:44the inventory.
00:45The latest figure is Khamaziran assures the safe passage of Philippine flag tankers passing
00:50through the Strait of Hormuz.
00:51Garin also says the country's supply of liquefied petroleum gas or LPG is currently the lowest
00:56among all the petroleum products at just 33 days. She adds the government aims to keep
01:01LPG's supply stable.
01:03But Garin notes even if the ongoing conflict subsides, rollbacks and pump prices could be
01:08slower because the war damaged key oil facilities in the Gulf.
01:11The first time to run the Codiac puts it on the Gulf.
01:11The first time to run the Codiac off the D.C. is it more than enough.
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