Marcus explained that a committee was formed to ensure the smooth availability, supply, distribution and accessibility of fuel, food, medicine, agricultural products and other essential goods in an organized manner.
He indicated that grounding aircraft due to fuel shortages caused by the Iran war is a real possibility.
A low-cost airline in the Philippines revealed that it intends to reduce the number of flights starting next month due to rising fuel prices caused by the Middle East crisis, according to a statement.
Supply shortage
In other Asian countries, airlines plan to temporarily suspend or reduce the frequency of flights on some domestic routes, while other companies have announced that they are seeking to continue flights during peak travel periods, but have warned that the number of flights may be lower than last year if oil prices continue to rise.
Airlines in Asia are preparing contingency plans as the escalating conflict in the Middle East threatens to trigger the biggest oil crisis since the 1970s. Given the Philippines' heavy reliance on crude oil imports, most of which come from the Middle East, it is more vulnerable to energy shortages and soaring domestic fuel prices than other Southeast Asian nations.
The President of the Philippines, Ferdinand Marcos Jr., declared a national emergency in the energy sector in response to the repercussions of the conflict in the Middle East and what he described as a “looming threat” to the country’s energy supplies.
Marcos explained that a committee has been formed to ensure the smooth availability of fuel, food, medicine, agricultural products, and other essential goods, as well as their supply, distribution, and organized availability.
He indicated that the suspension of aircraft operations due to fuel shortages caused by the war in Iran is a real possibility.
For its part, a low-cost airline in the Philippines revealed that it plans to reduce the number of flights starting next month due to rising fuel prices resulting from the Middle East crisis, according to a statement.
Supply Shortages
In other Asian countries, airlines plan to temporarily suspend flights on some domestic routes or reduce the frequency of flights, while other companies announced that they aim to continue flights during peak travel periods but warned of the possibility of a decline in the number of flights compared to last year if oil prices continue to rise.
Airlines in Asia are preparing emergency plans, as the escalation of the war in the Middle East threatens to cause the biggest oil crisis since the 1970s. Given the Philippines' significant reliance on crude oil imports, most of which come from the Middle East, it is more vulnerable to the risk of energy supply shortages and rising local fuel prices compared to other countries in Southeast Asia.
