published November 13, 2009 in Leyte Samar Daily Express
TACLOBAN CITY - An oil retailer in this city warned of possible shortage of petroleum products here with the very limited delivery from their distributor due to the Malacañang order to freeze oil price hike despite adjustments in the world market.
But City Councilor Wilson Uy, who owns three Shell outlets in the city, quickly told the public not to panic since the government is on top of the situation and there are other oil players if in case Shell will run out of stocks.
“I got the last delivery this week and based on the current sales, it will ran out in the next few days. The national government should act decisively on this by looking at the real price of gasoline,” Uy told reporters.
He said that there will be a delivery only for unleaded premium but no more “replenishment” for diesel and regular gasoline.
According to Uy, they were already warned by their mother company to disallow “bulk purchases” in order to equally distribute petroleum products.
“There’s no need to panic because there are other oil companies. We will go with the situation. If there will be shortage, all of us will go through with the same experience since we cannot store gasoline just anywhere,” he added.
He explained that their tanks can only store 14,000 liters of gasoline and it is normally sold out after two to three days.
“There is no way for small oil retailers to be engaged in hoarding since our tanks have limits. If we’re out of stocks, we have no choice but to close our outlet,” the city official said.
On the other hand, Uy blamed the government for its lack of control of oil price since they already sold their share in Petron Corporation.
The oil companies said they would also suffer revenue losses as a result of Executive Order No. 839, which directs them to bring down prices to their October 15, 2009 levels. President Gloria Macapagal-Arroyo issued the order last October 23.
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