The Department of Energy (DOE) reassured the public that the national supply of liquefied petroleum gas (LPG) remains stable and sufficient, following a strategic collaboration between the government and the private sector to boost local inventory.
During a briefing at Malacañang, DOE Secretary Sharon Garin confirmed that the country’s LPG stock currently stands at 32 days—extending beyond the standard 15-day buffer—despite ongoing volatility in the global energy market triggered by conflicts in the Middle East.
“There is no danger of the country running out of LPG stock,” Secretary Garin stated. “While we have observed significant price adjustments due to global market conditions, our current inventory is secured for at least a month.”
To mitigate the impact of supply chain disruptions in the Middle East, the DOE has worked closely with local suppliers to diversify their sources. Energy companies have successfully secured alternative supply lines from regions including Australia, the United States, China, and Hong Kong.
Furthermore, Secretary Garin announced a landmark joint procurement initiative. The Philippine National Oil Co. (PNOC) and private sector partners have agreed to collaborate on the procurement of an additional shipload of LPG. This “buy together” strategy is designed to further consolidate the national buffer and ensure consistent availability for Filipino households.
Addressing the recent spike in costs, Secretary Garin noted that LPG prices typically adjust only once per month. She appealed to the public to remain vigilant and report any retail dealers or distributors implementing daily price hikes.
“We are monitoring the situation closely,” Garin added. “We encourage consumers to report any irregular pricing activities to the authorities to ensure that market players strictly adhere to the monthly pricing cycle.”
The DOE continues to coordinate with new international suppliers to finalize long-term contracts, ensuring that the transition to alternative sources remains seamless and that the country’s energy security is maintained.
