Panic Buying Hits Manila Gas Stations
Huge lines formed at gasoline stations throughout the city today as a government plan went into effect to limit sales and save fuel in the wake of the Persian Gulf crisis.
Industry officials warned that the panic buying was dangerously depleting gasoline supplies.
Industry and congressional sources criticized the government plan and complained that President Corazon Aquino’s administration had failed to consult the private sector. They also criticized the government for failing to inform the public on details of the fuel-saving plan.
The Philippines imports all its oil, and about 85% comes from the Middle East.
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