Gate News message, April 15 — The Philippine Department of Energy (DOE) has issued an advisory requiring oil and gas companies to disclose their available storage capacity at depots and terminals nationwide. The measure aims to monitor fuel supply levels amid global energy market disruptions. Non-compliance may result in permit cancellation or suspension, and the advisory authorizes the Philippine National Oil Company to utilize private storage facilities to support the country’s petroleum requirements.
As of April 10, the Philippines’ available fuel inventory can last up to 50.31 days. LPG supply is the most constrained, lasting only 36 days, compared to 54 days for gasoline and 48 days for diesel. DOE Secretary Sharon Garin noted that the government ordered additional LPG stock this week due to low current inventory levels.
The new LPG shipment is expected to arrive in the second to third week of May, which will strengthen the country’s LPG buffer stock. A fresh diesel shipment is scheduled to arrive by week’s end.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Turkey and Iran Have Not Yet Discussed Gas Contract Renewal, Expiring in July
Turkey and Iran have not yet begun negotiations to renew their natural gas contract expiring in 2026, as stated by Turkish Energy Minister Bayraktar. Currently, Iran exports 9.6 billion cubic meters annually, but Turkey's actual imports were only 7.6 billion cubic meters last year.
GateNews2h ago
Ukraine Reports Strikes on Four Russian Oil Facilities in Samara, Leningrad, and Krasnodar Regions
On April 18, Ukraine's Armed Forces targeted four significant Russian oil facilities, including refineries and a transshipment terminal, aimed at disrupting fuel supplies to Russian forces. The damage assessment is ongoing, with no response from Russia yet.
GateNews5h ago
The Strait of Hormuz closes again: Iran says the U.S. has not fulfilled its obligations, Trump says “there’s good news,” and as the ceasefire period ends without an extension, there are fears of renewed bombings
The Strait of Hormuz was closed again because the U.S. side failed to fulfill its obligations under the agreement, and Iran needs to re-approve the passage of vessels. Trump said the negotiations are going well, but the issue of handling nuclear material remains the main point of disagreement. With the ceasefire deadline approaching, he hinted that it may not be extended, raising fears of a renewed attack. The situation is tense, and it could have far-reaching effects on the energy market.
ChainNewsAbmedia5h ago
U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies
The U.S. Department of Energy will loan over 26 million barrels of crude oil to nine companies, marking the third release of strategic reserves since the U.S.-Israel-Iran conflict began, aimed at moderating oil prices. Delivery is set for May and June 2026.
GateNews9h ago
Trump Rules Out Tolls on Strait of Hormuz
President Trump announced that U.S. negotiations about a potential conflict with Iran will persist over the weekend. He firmly denied any possibility of Iran imposing tolls on vessels in the Strait of Hormuz.
GateNews11h ago
US Seeks Increased Namibian Uranium Imports to Power AI-Driven Nuclear Plants
The U.S. is contemplating increased uranium imports from Namibia to support nuclear energy for AI data centers, as China dominates Namibia's uranium sector. Rising uranium prices are reviving mining interests, despite water supply challenges in the arid region.
GateNews12h ago
