DOE: Sufficient oil supply but prices may rise
DOE Secretary Alfonso Cusi assured the public on Wednesday that the country's oil supply remains sufficient despite the Russia-Ukraine conflict.
Cusi emphasized that while there is no immediate shortage of oil in the Philippines, domestic prices may rise due to global market fluctuations.
He advised the public to observe energy efficiency and conservation measures during this critical period.
Cusi highlighted the importance of reducing dependence on imported petroleum products for national energy security.
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