DTI: No price freeze amid declaration of national energy emergency

Philippines first nation to declare energy emergency amid Iran war

In an unprecedented move underscoring the global reach of Middle East tensions, the Philippines has formally declared a national energy emergency. This marks the first and most direct emergency declaration by any nation in response to the geopolitical ripples caused by the escalating US-Israel war on Iran, sending far-reaching consequences across the oil-import-dependent archipelago. On […] The post Philippines first nation to declare energy eme…

DTI: No price freeze amid declaration of national energy emergency

MANILA, Philippines — The Department of Trade and Industry (DTI) has clarified that no price freeze is currently in effect despite Malacañang’s declaration of a national energy emergency. In a statement, the DTI on Friday said the supply and prices of basic and prime commodities remain stable following the issuance of Executive Order No. 110, which aims to safeguard domestic oil supply amid the Middle East conflict. EO 110 “is a strategic measur…

IBON Executive Director on the Declaration of the State of National Energy Emergency

IBON Executive Director on the Declaration of the State of National Energy Emergency