Story perspectives

Marcos Urges Fuel Companies to Boost LPG Stockpiles Amid Crisis

4/15/2026

Summary

Story summary

Philippine President Ferdinand Marcos Jr. urged fuel companies to boost liquefied petroleum gas stockpiles due to an oil crisis linked to the Middle East conflict.
On April 15, 2023, he called for activating the ASEAN Petroleum Security Agreement (APSA) at the Asia Zero Emission Community Plus summit.
Marcos proposed hosting an emergency simulation exercise for APSA and suggested a regional study on joint oil stockpiling.
He announced plans for a domestic strategic petroleum reserve and requested mandatory petroleum reserves be increased to 30 days and liquefied petroleum gas reserves to 21 days.

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Story summary

Philippine President Ferdinand Marcos Jr. urged fuel companies to boost liquefied petroleum gas stockpiles due to an oil crisis linked to the Middle East conflict.
On April 15, 2023, he called for activating the ASEAN Petroleum Security Agreement (APSA) at the Asia Zero Emission Community Plus summit.
Marcos proposed hosting an emergency simulation exercise for APSA and suggested a regional study on joint oil stockpiling.
He announced plans for a domestic strategic petroleum reserve and requested mandatory petroleum reserves be increased to 30 days and liquefied petroleum gas reserves to 21 days.