MANILA, Philippines—The country’s inventory of finished petroleum products has dropped to less than two weeks from the usual three as oil firms that do not refine crude have halted importation of gasoline and diesel due to government-imposed fuel price caps in Luzon.
“Don’t panic. Government will not allow shortages. We don’t even have to talk about contingencies because we’re not in a problem situation yet,” Energy Secretary Angelo T. Reyes Monday assured the public.
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