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The Philippines has declared a national energy emergency due to fuel shortages and price rises, and is working with the US to secure oil supplies from sanctioned countries. Fuel prices are also under pressure in other Southeast Asian countries, such as Vietnam, where diesel prices have more than doubled since the start of the Middle East conflict.
The Philippines is facing fuel shortages and price rises. The government has declared a national energy emergency, allowing authorities to fast-track imports and secure contracts. A shipment of Russian oil has arrived in the country, the first in five years. The emergency powers aim to stabilise prices amid volatile global markets. Fuel prices are also rising in other Southeast Asian countries. Vietnam's diesel prices have more than doubled since the start of the Middle East conflict.
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