DOE wants oil firms to keep minimum inventory of petroleum products on per product, per depot basis

The Department of Energy (DOE) has proposed that local oil firms be mandated to keep a minimum inventory on a per product and per depot basis, with the global supplies hit by ongoing conflict between Russia and Ukraine.

The Department of Energy has proposed that local oil firms be mandated to keep a minimum inventory on a per product and per depot basis, with the global supplies hit by ongoing conflict between Russia and Ukraine.

“Itong dalawa pong mga major type of players, ang ire-require [These two major players will be required on a] per company on a per depot and per product basis, instead of a total country total product basis,” he explained. The parameters provide that the supply inventory would be based on the daily average for the past six months.

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