The Philippines has become the first country in the world to declare a national energy emergency in response to geopolitical conflicts in the Middle East.
Since February 28, diesel and gasoline prices have more than doubled due to the Philippines' 98% dependence on oil imports from the Gulf region.
President Ferdinand Marcos Jr. announced that he had signed an executive order to protect the country's energy security.
He also stated that the move would give the government room to enforce laws to ensure energy stability and protect the economy.
A committee has been formed to oversee the orderly distribution of fuel, food, medicine and other essential goods.
The government has also been authorized to purchase fuel and petroleum products directly to cover supply shortages.
However, Kilusang Mayo Uno (KMU), one of the country's major labor unions, strongly condemned the declaration of the emergency, which it considers evidence of the government's failure to manage the oil crisis.
Previously, the KMU also accused the administration of downplaying the issue by claiming that the situation was still under control.
The Asian region is considered the most vulnerable to the Strait of Hormuz blockade crisis as nearly 90% of all oil and gas that passes through the route is destined for this continent.
