Philippines Boosts Fuel Stocks as It Looks to Americas for Supply

The Philippines said it increased its stockpile of petroleum products to 51 days, as the import-dependent nation searches the world for alternative suppliers while the war in Iran continues.

The Southeast Asian nation’s inventory of gasoline, diesel, jet fuel and other products stood at 50.94 days as of March 27, up from 45 days previously, Energy Secretary Sharon Garin said in a briefing on Monday.