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NewsCommodities

Philippines eyes Russian oil imports to ensure supply

ReutersMar 16, 2026 8:04 AM

MANILA, March 16 (Reuters) - The Philippines has already approached Russia for possible oil importation, the country's energy secretary said on Monday.

Secretary Sharon Garin gave no details on possible volumes and duration and said Manila was awaiting Moscow’s response
State-run Philippine National Oil Company has contacted Russian oil companies
Garin said Philippines' existing contracts with China are not affected by a ban on refined fuel exports
Philippine companies have long-term oil export contracts with China, she said.
In 2025, the Philippines imported 1.8 billion litres of diesel from China, which is 28% of local industry demand
Garin said the Philippines has sufficient fuel inventory until April
Philippines talking with oil exporters like Thailand, Japan, and Singapore to ensure supply

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