President Bongbong Marcos has approved a ₱20 billion emergency fund to secure the Philippines’ fuel supply amid rising global oil prices from the Middle East conflict. Department of Budget and Management said Wednesday the fund will be released to the Department of Energy through a Special Allotment Release Order and Notice of Cash Allocation.
The money comes from the Malampaya Gas Fund under the Special Account in the General Fund and supports the Emergency Energy Security Program. It will fund the purchase of diesel, gasoline, and LPG to stabilize supply, prevent price spikes, and maintain operations in transport, logistics, agriculture, emergency response, and other critical sectors.
Budget Secretary Rolando Toledo said the fund protects the daily life of every Filipino. “From the jeepney driver and delivery rider, to our farmers, frontliners, and ordinary families. If there is a problem with fuel, the entire economy is affected. We cannot afford to wait,” he said. He added, “Under the President’s directive, we are moving with urgency to ensure that fuel remains available, prices are moderated, and essential services continue uninterrupted. This is government acting ahead of the crisis — not reacting after the damage is done.”
The Philippine National Oil Company–Exploration Corporation has already begun procurement to immediately boost supply. Energy Secretary Sharon Garin said the government is targeting up to two million barrels of diesel to create about 10 days’ worth of buffer stock.
Speaker Faustino “Bojie” Dy III said the House will move with the same urgency through oversight and interventions. The PNP and Armed Forces pledged to maintain peace and security as the program rolls out.
The emergency fund ensures fuel availability, smoother transport, and stable operations for households and businesses, limiting price shocks and protecting essential services amid global oil volatility.
