Energy Ministry debunks claims of fuel shortage
As reports of a fuel crisis circulate, people are stranded in long lines at fuel stations.
The government claims that panic-buying by consumers has resulted in thousands of stations experiencing an acute lack of fuel.
However, Secretary of the Energy Ministry, K. D. R. Olga stated that there is no fuel crisis in the country and that fuel delivery may continue until January since the appropriate amount of fuel has already been stored for the future months.
Moreover, she explained that the recent panic-buying was a result of the actions of certain political parties attempting to instill fear in the public by indicating a false potential of a fuel shortage or price hike in the near future.
The Ministry's Secretary stated that the shortages might be in fuel stations controlled by LIOC but not Ceypetco.
“LIOC is the one that is incurring tremendous losses, and they have the independence to raise the fuel costs of what they discharge from their stations,” she stated.
Further, Secretary Olga said that people should not be concerned about a fuel scarcity because the UDS 500 credit line for fuel supply from India will expire in December.
“And then we can begin our other preparations to buy fuel to meet demand beginning in January,” she said.