The bill creates a government‑run oil reserve that can hold at least 90 days of the country’s net imports, spreads storage across the islands, and lets the President release oil only in emergencies such as supply shocks, natural disasters, or extreme price spikes.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB09085. Status changes over time; check the link for the latest.
HB09085 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.