Manila, March 18 -- Senator Francis Escudero has proposed Limay, Bataan as the site of a government-owned fuel storage facility under a bill seeking to establish a national strategic petroleum reserve.

Escudero filed on Wednesday Senate Bill No. 1993, which aims to create a National Strategic Fuel Reserve system to strengthen energy security and cushion the impact of global oil supply disruptions.

The proposed facility will have the capacity to store 90 to 180 days of national fuel consumption to help stabilize supply and mitigate price shocks.

"The area's deep-water port and proximity to the country's only refinery make it a practical site," Escudero said.

Under the measure, the Department of Energy, in coordination with the Philippi...