04 Jan CDO Taxi Drivers Feared Alleged Petroleum Hoarding, Saying There Is a Shortage
A group of taxi drivers in Cagayan de Oro expressed suspicion concerning the four consecutive oil price hikes in the country. They have said that gasoline stations are possibly hoarding the petroleum products.
In a report from ABS-CBN News, there are some drivers in the city who were complaining that few gasoline stations refused to sell fuel, said President of Cagayan de Oro First Taxi Drivers Alliance, Bernie Jamaca adding that there is a shortage.
Major oil companies may be illegally hoarding the gasoline which Jamaca and about 3,000 drivers feared.
Hoarding is illegal, said Engineer Nilo Geroche, head of the energy industry management division in the Department of Energy (DOE) Mindanao field office. But he affirmed that as of now, there are no formal complaints filed in Mindanao.
DOE on the other hand, urges the public to be attentive and report any suspicious activities in gasoline stations.