Several gasoline stations in Quezon City have completely run out of petroleum products this Sunday, as motorists flocked to fill their tanks ahead of an anticipated major increase in oil prices scheduled for tomorrow, Tuesday, March 10. This rush has led to significant shortages and operational disruptions across the city.
Long Queues and Price Disparities Reported
Extensive lines of vehicles were documented, particularly along the busy Commonwealth Avenue, where diesel was being sold at ₱57 per liter and gasoline at ₱55 per liter. These prices are notably lower compared to other stations in the area, which are charging close to ₱70 per liter, highlighting a stark contrast in fuel costs amid the supply crunch.
Supply Depletion and Temporary Adjustments
In some affected stations, diesel supplies have been fully depleted, leaving only gasoline available for purchase. Additionally, certain stations have temporarily altered their price signage after exhausting all their petroleum products, reflecting the urgent nature of the situation and the high demand from consumers.
Government Warnings and Inspections
Energy Secretary Sharon Garin has issued a stern reminder that overpricing and hoarding of oil are strictly prohibited under current regulations. In response to the crisis, the Department of Energy (DOE) has already conducted inspections across various parts of the country to ensure that gasoline stations are complying with mandated price adjustments and not engaging in unfair practices.
Official Price Increase Timeline
The Department of Energy has clarified that any price increases have not yet been authorized and can only be implemented starting tomorrow. This announcement aims to prevent premature hikes and maintain market stability, as authorities work to address the supply issues and monitor compliance among fuel retailers.
