Philippines launches P20 billion fund to boost fuel security

MANILA — The Philippine energy ministry said on Thursday it is activating a P20 billion ($333 million) emergency fund to strengthen fuel security amid continued volatility in oil prices due to the conflict in the Middle East. READ: Philippines declares energy emergency over Middle East conflict risks “This decisive action demonstrates the administration’s firm resolve to protect the […] The post Philippines launches P20 billion fund to boost fuel security appeared first on Interaksyon.