By Blessing Nweke
The Philippines has become the first nation to declare a state of national energy emergency following the escalating war involving Iran, as global oil markets reel from supply disruptions and surging prices.
President Ferdinand Marcos Jr signed an executive order to protect the country’s energy security, warning of the “imminent danger” to fuel availability and price stability. The crisis has been exacerbated by tensions involving the United States and Israel, alongside the effective closure of the Strait of Hormuz, a critical artery for global oil shipments.
Highly dependent on imports, the Philippines sources about 98% of its oil from the Gulf region. Since the conflict began on 28 February, domestic fuel prices have more than doubled, placing immense pressure on households and businesses.
The emergency declaration grants the government expanded powers to manage fuel distribution and directly procure petroleum products. A special committee has been established to oversee the supply of essential goods, including food and medicine. The order will remain in effect for one year unless lifted earlier.
However, the move has drawn criticism from labor groups such as Kilusang Mayo Uno, which described the declaration as an admission of policy failure. The group also warned that provisions in the order could restrict workers’ rights, particularly the ability to strike.
Protests are already planned, with transport unions including Piston organizing a two-day strike over rising fuel costs and demands for wage increases and fare adjustments.
Despite opposition, business leaders like Manuel V. Pangilinan have backed the government’s actions, citing growing operational strain. Officials say the country has roughly 45 days of fuel reserves remaining as authorities scramble to stabilize the economy.
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