Written by: Ronnel W. Domingo
As the COVID-19 pandemic began to take its toll on economies and businesses, the petroleum industry felt more acutely the effects of languishing problems that have been plaguing their operations more deeply than the coronavirus.
Aside from geopolitical shocks that come and go and the cycles of operational margins, which was at an ebb when the plague broke out, there was the deep-seated problem of fuel smuggling.
Thus, the House of Representatives passed in March 2020 a resolution to investigate “the unabated smuggling of petroleum products in Subic and other economic and freeport zones, vis-a-vis the fuel-marking program of the government.”
The f…
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