Taxi drivers blast alleged oil hoarding in CDO

Greanne Mendoza, ABS-CBN News

Posted at Jan 03 2017 11:40 PM

Taxi drivers blast alleged oil hoarding in CDO 1
Taxi drivers in Cagayan de Oro city said some gasoline stations are hoarding petroleum products.

After four consecutive oil price hikes across the country, taxi drivers in Cagayan de Oro city expressed fear that several gasoline stations are possibly hoarding fuel products.

According to Bernie Jamaca, president of Cagayan de Oro First Taxi Drivers Alliance, some drivers have already complained that some gasoline stations refused to sell fuel, saying there is a shortage.

However, a few hours after the latest oil price hike last January 1, the same gasoline stations resumed selling petroleum products.

Jamaca, along with 3,000 drivers of the association, said they fear that major oil players are illegally hoarding gasoline.

According to Engineer Nilo Geroche, head of the energy industry management division in the Department of Energy (DOE) Mindanao field office, hoarding is illegal. However, Geroche added, they have not yet received any formal complaints in Mindanao.

DOE encourages the public to remain vigilant and report suspicious activities of gasoline stations.