As per reports, the Peruvian government approved an emergency decree on Monday (11 May) establishing exceptional economic and financial measures aimed at preventing a potential national energy crisis and guaranteeing fuel supplies across the country.

• The regulation, signed by President José María Balcázar Zelada and the Council of Ministers, was introduced in response to growing instability in international energy markets linked to the conflict in the Middle East and disruptions affecting the Strait of Hormuz, a critical global oil transit route.
• According to the decree, Peru faces heightened risks associated with reduced global crude oil availability and rising international fuel prices. Authorities stated that the country remains heavily dependent on petroleum-derived fuels, with approximately 74 percent of Peru’s energy matrix reliant on hydrocarbons. Officials warned that sustained disruptions to international fuel supply chains could significantly affect transportation, industrial production, commercial activity, and electricity generation nationwide.
• As part of the emergency response, the decree authorizes the creation of a special financial mechanism led by PROINVERSIÓN to channel resources toward maintaining the operational continuity of Petroperú. Authorities stated that the Ministry of Energy and Mines may assume contingent financial commitments of up to USD two billion to support working capital requirements, replenish fuel inventories, and sustain hydrocarbon production and commercialization services.
• Peruvian authorities stated that the emergency measures are intended to prevent severe disruption to national fuel distribution networks and reduce the risk of broader interruptions across the country’s energy supply chain. The emergency decree is expected to remain in force until 31 December 2026.