Lawmakers push alternative energy, fuel reserve amid oil crisis
MANILA — Miro Quimbo, chair of the House Ways and Means Committee and representative of Marikina’s 2nd District, is urging the government to accelerate the development of alternative energy sources and establish a national petroleum reserve to shield the country from oil price shocks.
In a statement released Wednesday, Quimbo said the ongoing oil crisis linked to tensions involving Iran highlights the Philippines’ vulnerability due to its heavy dependence on imported fuel.
He described the situation as a “wake-up call,” stressing the need for long-term strategies to ensure energy security and reduce exposure to global disruptions.
Among the proposed solutions is the faster development of locally available energy sources such as geothermal power and natural gas.
“We need to fast-track these alternative energy sources if we want to remain resilient in times like this,” Quimbo said.
Alongside this, he is also advocating for the creation of a national fuel reserve, which would allow the country to maintain buffer stocks and better manage supply during future crises.
Quimbo expressed hope that both measures could be tackled before the First Regular Session of Congress adjourns in early June.
Meanwhile, Faustino “Bojie” Dy III convened leaders of 13 House committees for an emergency meeting to develop a coordinated government response to the oil price surge and similar future disruptions.
The committees involved include those on agriculture, appropriations, aquaculture and fisheries, economic affairs, energy, foreign affairs, information and communications technology, labor and employment, overseas workers affairs, social services, trade and industry, transportation, and ways and means.
Lawmakers emphasized that a unified and forward-looking approach will be critical in strengthening the country’s resilience against global energy shocks.
NPO News Team | Philippine News Agency - PR
