Philippines asks US for permission to buy more Russian oil

The Philippines is actively seeking a waiver from the United States to continue purchasing Russian oil, a move aimed at alleviating the nation's energy crisis. Energy Minister Sharon Garin confirmed that Manila has formally requested an extension of the embargo exemption from the U.S. State Department. While optimistic about securing this extension, which is crucial given the current energy emergency, the government is simultaneously preparing alternative supply arrangements should the request be denied. This proactive approach underscores the Philippines' commitment to diversifying its energy sources beyond traditional Middle Eastern suppliers. The nation is exploring options in South America, including Colombia and Argentina, as well as Canada and the United States. Minister Garin emphasized the desire to "open the Russian window" to increase supply options, highlighting the need for diversification. The Philippines' ambassador to the U.S., Jose Manuel Romualdez, expressed confidence in obtaining the waiver, noting that other nations have also sought similar exemptions. He indicated that the U.S. State and Treasury Departments require specific details regarding quantity and duration for such requests. This initiative follows previous efforts where Manila collaborated with the U.S. to secure relief and exemptions for acquiring oil from sanctioned countries. The U.S. had previously granted a 30-day waiver for international purchases of Russian oil, which is subject to sanctions due to the conflict in Ukraine. The Philippines, facing an energy emergency, previously purchased 2.48 million barrels of Russian crude oil in March. The country imports 90% of its oil from the Middle East and spent $16 billion in 2024. In a related move, President Ferdinand Marcos Jr. suspended excise taxes on kerosene and liquefied petroleum gas, following congressional authorization for emergency powers to adjust fuel tax rates. However, his economic managers advised against suspending taxes on diesel and gasoline, arguing that any retail price reduction would be marginal and largely offset by market dynamics.

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Kami telah berkomunikasi dengan Departemen Luar Negeri (AS) untuk mendapatkan kesempatan lagi atau perpanjangan pencabutan embargo.