The Zamboanga Sibugay Provincial Police Office is urging the public to report suspected fuel hoarding amid global tensions that threaten to disrupt oil supply.
But what exactly is fuel hoardingโand is it illegal?
Fuel hoarding happens when individuals or businesses stockpile large amounts of petroleum products and deliberately withhold them from normal sale or distribution, usually in anticipation of higher prices or supply shortages.
In the Philippines, hoarding petroleum products is a criminal offense under Batas Pambansa Blg. 33, the law that penalizes illegal acts involving petroleum products.
The law defines hoarding as the unusual accumulation of fuel beyond normal inventory levels, refusal to sell available supply, or stockpiling by people who are not legitimate traders or operators.
Authorities warn that hoarding can trigger artificial shortages, panic buying, and sudden price spikes, making it harder for ordinary motorists, transport workers, and businesses to access fuel.
The reminder comes as global energy markets remain volatile amid tensions involving Iran, Israel, and the United States, which could potentially affect oil supply and prices worldwide.
However, keeping fuel for normal household use, farming equipment, generators, or regular business operations is not considered hoarding, as long as it remains within reasonable quantities.
Police say the public plays a key role in preventing illegal practices that could worsen supply disruptions.
โReport fuel hoarding to 911,โ the police said. It reminds the public that safeguarding fuel supply is critical, especially during periods of global uncertainty.
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