DOE reinstates minimum inventory levels for oil supply

In an effort to provide for stable fuel supply, the Philippine Department of Energy has reinstated minimum inventory requirements for both oil companies and bulk suppliers. These requirements mandate that all oil companies, with the exception of refiners, must maintain 15 days’ supply of petroleum products, excluding liquefied petroleum gas (LPG), which is seven days. Refiners must maintain a minimum inventory equivalent to 30 days’ supply of crude oil and refined products. (March 2,2011)