By Sheldeen Joy Talavera, Reporter
THE PHILIPPINE government plans to procure at least a million barrels of diesel to secure domestic fuel supply as tensions in the Middle East threaten global oil trade and China moves to curb refined fuel exports.
The Department of Energy (DoE) is studying a proposal to direct state-run Philippine National Oil Co. (PNOC) to buy the diesel for a strategic stockpile that could cover about five days of domestic consumption, Oil Industry Management Bureau Director Rino E. Abad told reporters on Thursday.
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