Manila, March 25 -- President Ferdinand R. Marcos Jr. has ordered the release of PHP20 billion in emergency fund to ensure the country has an adequate fuel supply amid the global oil crisis brought about by the ongoing conflict in the Middle East.

The Department of Energy will receive the emergency fund through a Special Allotment Release Order and a Notice of Cash Allocation issued on Tuesday, the Department of Budget and Management (DBM) said in a statement on Wednesday.

The DBM said the approved budget will be sourced from the Malampaya Gas Fund under the Special Account in the General Fund.

"The funding will be charged against the Malampaya Gas Fund, ensuring that resources are readily available for urgent national energy security ...