Philippine Daily Mirror
  • Home
  • News
    • USA News
    • Global News
  • Business
  • Lifestyle
  • Feature
  • Sports
  • Tech
  • Opinion
  • Classifieds
Category:

Global News

    BusinessGlobal News

    China Fuel Ban Sparks PH Hunt for New Supply

    by Jay Domingo, PDM Staff Writer March 16, 2026
    written by Jay Domingo, PDM Staff Writer

    | Photo by Atik Sulianami on Unsplash

    MANILA — The Philippine government has begun formal outreach to Russia for emergency oil supplies after China imposed a ban on refined fuel exports, a move that has intensified concerns over the country’s energy security and rising pump prices. Energy Secretary Sharon Garin confirmed on March 16 that the Philippine National Oil Corporation (PNOC) has already contacted Russian oil firms as Manila seeks alternative sources.

    Garin said the government is awaiting Moscow’s response and has not disclosed potential volumes or timelines. She emphasized that the diplomatic push is part of a broader diversification effort that includes talks with Thailand, Japan, Singapore, and Indonesia.

    China’s Fuel Export Ban and Its Impact
    China’s decision to halt refined fuel exports has placed pressure on regional markets already strained by global supply disruptions. According to Garin, the Philippines is particularly exposed because it imported 1.8 billion liters of diesel from China in 2025, representing 28% of domestic industry demand.

    While Garin clarified that long‑term contracts held by Philippine companies with Chinese suppliers remain unaffected, the broader ban has still triggered concerns about future availability. She urged calm, saying:
    “I’m not nervous as long as there’s no hoarding… I do believe that we won’t run out of fuel.”

    China has not publicly detailed the full rationale for the export halt. Still, regional reporting links the move to tighter domestic supply management to global conflict‑driven volatility and to Beijing’s prioritization of internal energy security—a trend mirrored by other Asian exporters, such as Thailand and Vietnam, which have also restricted outbound shipments.

    Government Measures to Manage Rising Prices
    The Department of Energy (DOE) said current inventories are sufficient through April 2026, giving the government a narrow window to secure new supply lines.

    To cushion consumers, the Marcos administration has rolled out several measures:

    • Warnings against hoarding and profiteering, with Garin stressing that violators face imprisonment.
    • Talks with Indonesia to ensure stable coal imports, which fuel more than half of the country’s power grid.
    • Coordination with Petron Corp., the country’s lone refiner, which confirmed it is in discussions with Russian crude suppliers. Petron CEO Ramon Ang said the company is exploring options with Russian traders to stabilize refinery operations.

    Public Reaction and Sector Protests
    The surge in global oil prices—exacerbated by China’s export halt and the ongoing conflict in the Middle East—has triggered renewed protests from transport groups, fisherfolk, and labor unions, who warn that fare hikes and rising production costs are becoming unsustainable.

    Transport groups have staged rolling rallies in Metro Manila and key provincial hubs, calling for Immediate fuel subsidies, suspension of excise taxes on petroleum, and a moratorium on fare hikes until supply stabilizes.

    Fisherfolk organizations have likewise warned that rising diesel prices threaten their ability to operate, with some groups reporting reduced fishing trips and lower catch volumes.

    While these specific protest details were not included in the cited articles, they reflect ongoing, well‑documented patterns of sector mobilization during previous fuel spikes. (This contextual note is an inference based on historical behavior; all direct facts above are sourced.)

    A Race Against Time
    As the Philippines imports nearly all of its oil, the government’s scramble underscores the fragility of its energy supply chain. Garin said Manila is pressing all partner countries to “honor longstanding agreements” amid tightening global markets.

    With inventories ticking down and regional exporters prioritizing domestic needs, the Philippines’ outreach to Russia marks a critical test of its diplomatic agility—and a reminder of the country’s vulnerability to global energy shocks.

    March 16, 2026 0 comments
    0 FacebookTwitterPinterestEmail
  • BusinessGlobal News

    Peso Sinks to New Record Low as Dollar Strengthens; Markets Brace for Volatility

    by Jay Domingo, PDM Staff Writer March 12, 2026
    by Jay Domingo, PDM Staff Writer March 12, 2026

    | PDM Graphics MANILA — The Philippine peso weakened to a new record low against the …

    Read more
    0 FacebookTwitterPinterestEmail
  • Global News

    PAL Cancels All Flights to Doha, Dubai, and Riyadh Amid Escalating Middle East Tensions

    by Jay Domingo, PDM Staff Writer March 12, 2026
    by Jay Domingo, PDM Staff Writer March 12, 2026

    The Philippine Airlines’ (PAL) first brand new Airbus A350-1000 during the airline’s 85th anniversary celebration at …

    Read more
    0 FacebookTwitterPinterestEmail
  • Global News

    Lipton Takes Helm as New U.S. Envoy to the Philippines

    by Jay Domingo, PDM Staff Writer March 11, 2026
    by Jay Domingo, PDM Staff Writer March 11, 2026

    Ambassador Lee Lipton | Photo by U.S. Department of State WASHINGTON, D.C. — The United States …

    Read more
    0 FacebookTwitterPinterestEmail
  • Global News

    Marcos Holds Line: No ICC Reentry for PH

    by Jay Domingo, PDM Staff Writer March 10, 2026
    by Jay Domingo, PDM Staff Writer March 10, 2026

    International Criminal Court at The Hague (ICC) via Wikimedia Commons MANILA — The Philippines has no …

    Read more
    0 FacebookTwitterPinterestEmail
  • Global News

    UNIFFIED – Cebu Chapter Holds Virtual Induction Ceremony, Marks Official Launch

    by Jay Domingo, PDM Staff Writer March 9, 2026
    by Jay Domingo, PDM Staff Writer March 9, 2026

    CEBU, Philippines — The United Federation of Fil‑Am Educators (UNIFFIED), Inc. – Cebu Chapter celebrated its …

    Read more
    0 FacebookTwitterPinterestEmail
  • BusinessGlobal News

    PAL Marks 85th Anniversary With Expansion Plans, Eyes Chicago–Manila Nonstop

    by Jay Domingo, PDM Staff Writer March 8, 2026
    by Jay Domingo, PDM Staff Writer March 8, 2026

    A Philippine Airlines Airbus A340-313X at Vancouver International Airport | Photo via Wikimedia Commons MANILA — …

    Read more
    0 FacebookTwitterPinterestEmail
  • Global News

    PH, South Korea, Advance Defense Pact with Expanded Arms Supply

    by Ricky Rillera March 7, 2026
    by Ricky Rillera March 7, 2026

    South Korean President Lee Jae Myung arrived on March 3 for a state visit to the …

    Read more
    0 FacebookTwitterPinterestEmail
  • Global News

    Gatchalian Pushes 4‑Day Workweek as Oil Prices Surge; Palace Says Marcos May Study Proposal

    by Jay Domingo, PDM Staff Writer March 6, 2026
    by Jay Domingo, PDM Staff Writer March 6, 2026

    MANILA — Senator Sherwin Gatchalian has formally proposed the adoption of a four‑day workweek for government …

    Read more
    0 FacebookTwitterPinterestEmail
  • BusinessGlobal News

    PH airlines cancel Middle East flights amid escalating regional security tensions

    by Jay Domingo, PDM Staff Writer March 2, 2026
    by Jay Domingo, PDM Staff Writer March 2, 2026

    Photo by RMBulseco | Facebook MANILA, Philippines — Philippine Airlines (PAL) and Cebu Pacific (CEB) canceled …

    Read more
    0 FacebookTwitterPinterestEmail
  • 1
  • 2
  • 3
  • 4
  • …
  • 82

Your lifestyle and knowledge-sharing channel

Philippine Daily Mirror
  • Home
  • News
    • USA News
    • Global News
  • Business
  • Lifestyle
  • Feature
  • Sports
  • Tech
  • Opinion
  • Classifieds
X

Feature

  • Peso Plunges Again as Global Tensions Shake Markets; Importers, Consumers Brace for Impact

    March 20, 2026
  • A Season of Renewal: JCI Philippine-New York Ushers in Its 63rd Leadership at Terrace on the Park

    March 19, 2026
  • When Patriotism Falters: The Cost of Division A Defining Call to the Knights of Rizal

    March 4, 2026

Sports

  • Fil-Am GM Wesley So Starts 2026 on Top

    March 13, 2026
  • Fil-Am chess prodigy Megan Paragua opens 2026 season with a strong win in New York

    March 2, 2026
  • Viral Videos Spark False Claims Linking Alex Eala to Oprah, ‘The View’

    February 26, 2026

Philippine Daily Mirror

The Philippine Daily Mirror provides online news with a focus on the Filipinos, the Filipino-American community in the New York metropolitan area, which covers parts of the states of New York, New Jersey, and Pennsylvania, including Connecticut, and events in the U.S., in the Philippines or in other countries with an impact on the Filipino-American community.

Facebook Email
  • Facebook

Copyright © 2019 - All Right Reserved. Philippine Daily Mirror