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Sunday, April 28, 2024

DOE assures enough oil supply

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The Energy Department assured the public of continuous and sufficient oil supply in the National Capital Region during the 30-day community quarantine from March 15 to April 14 imposed by the government as part of efforts to contain the spread of the corona virus disease 2019.

“During this most challenging time, it is imperative to ensure the continued supply of fuel products, especially in areas under quarantine. Having sufficient petroleum supply is vital, making it a critical concern amid this crisis. The entire energy family is working 24/7 to make sure that energy services remain unimpeded,” Energy Secretary Alfonso Cusi said in a statement.

Based on the agency’s assessment of the country’s oil inventory as of Feb. 29, about 2.7 billion liters of crude and oil products were available equivalent to 45 days of fuel supply.

The department said this indicated that inventorywas well supplied for the one-month quarantine period in NCR.   The 45-day  fuel supply is above the minimum inventory requirement being observed by the oil industry.

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