The bill creates a government‑run strategic petroleum reserve that will hold at least 30 days of the Philippines’ average oil imports, stored in various facilities, and can be used only in emergencies such as severe supply shocks, natural disasters, or major geopolitical crises.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB08528 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.