March 25 (UPI) -- President Ferdinand Marcos Jr. of the Philippines has declared a national energy emergency over the threat posed by the U.S.-Israel war with Iran to its supply of oil and its energy security.
Marcos signed an executive order declaring the energy emergency Tuesday, authorizing him to use emergency powers under the Department of Energy Act to implement a fuel and energy allocation plan and other energy conservation measures.
It also directs the Department of Energy to take measures to safeguard the stability of domestic energy supply, including by acting against the hoarding, profiteering and manipulation of supplies.
A whole-of-government response framework is adopted with the declaration that not only seeks to ensure the stability of domestic energy supply but also the uninterrupted delivery of essential services and the continuity of economic activity. The government is also authorized to buy fuel more quickly and flexibly by allowing advance payments of more than 15% of the contract amount.
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