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Saturday, April 20, 2024

Petromobil faces closure, warns DOE

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The Department of Energy said Monday new petroleum industry player Petromobil Corp. has no certificate of compliance and could be found liable for penalties and closure.

“We have not issued any COC to Petromobil,” said Rino Abad, director of the agency’s Oil Industry Management Bureau.

The DOE said it is coordinating with the Bureau of Customs following the seizure of around 6,357 liters of unmarked diesel at one of the Petromobil retail gas stations in Pampanga. The move is part of BOC’s efforts to step up the implementation of the fuel marking and monitoring program to curb oil smuggling.

By operating without COC, Petromobil could be liable for illegal trading which carries monetary penalties and recommendation of revocation of the permit or license to the local government unit, according to the DOE.

Petromobil can also be held liable for product quality violation, it said. The agency is looking at the compliance of eight Petromobil stations.

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