Top energy officials and private sector leaders have intensified calls for the aggressive expansion of indigenous energy sources to cut reliance on imported fuel and shield the country from global price volatility, according to a report by Philstar Biz .
The push comes amid the ongoing oil crisis, which has highlighted the vulnerability of the country’s energy supply to external shocks. By developing domestic renewable and traditional energy sources, stakeholders aim to enhance energy security and stabilize power costs in the long term.
Industry representatives stressed the need for streamlined permitting, improved grid infrastructure, and investment incentives to accelerate indigenous energy projects. The collaborative effort between government and private sector is seen as crucial to achieving greater energy independence.