REGULATORY · MARKET STRUCTURE · SOUTHEAST ASIA
Philippine president declares national energy emergency
Change
Philippine President Ferdinand Marcos Jr declared a national energy emergency.
Why it matters
The president declared a national energy emergency. The declaration authorizes the government to implement responsive and coordinated measures under existing laws to address disruptions in global energy supply and the domestic economy. A committee was formed to ensure the orderly movement, supply, distribution and availability of fuel, food, medicine and agricultural goods. The declaration was issued Tuesday as transport workers, commuters and consumer groups planned a two-day strike from Thursday over fuel-price increases.
Implications
- · A government committee now oversees coordination of fuel, food, medicine and agricultural distribution channels.
- · Two-day transport strike starting Thursday will disrupt transport services, commuting and consumer activity.
- · Government authorization under existing laws enables imposition of coordinated regulatory measures on fuel supply and distribution.
- · Fuel importers and distributors will operate under enhanced government coordination of movement and allocation of supplies.
Who is affected
- · Operators
- · Importers
What to watch
- · Two-day transport strike starting Thursday
Source
Topics
World & Politics Policy & Regulation Business & Markets Supply Chain & Logistics Energy & Power Energy Transition