After rumors circulated by some media and social media pages about an upcoming gasoline crisis in the next few days, the Association of Petroleum Importing Companies issued a statement on Sunday assuring that there was no need to rush to gas stations, “as the companies will deliver gasoline and diesel to distributors and stations as usual starting tomorrow morning, Monday June 1, 2020.”
“The oil importing companies will deliver the required quantities according to the needs of the market, while taking into account the scheduled ships arriving progressively to Lebanon, their reserves and the local consumption. Moreover, the oil importing companies affirm that they will keep delivering gasoline and diesel as long as the Central Bank ensured the financial credits necessary for timely and quick imports.
The concerns and fears of shortage in the fuel market today are due to the established economic situation, and the decrease of the available stock at the oil installations (pertaining to the Ministry of Energy and Water), in addition to the speculations of some distributors seeking to store large quantities that exceed their capacities and the actual need of the market.
APIC reiterates that there are no indications of an upcoming crisis despite all the rumors. In fact, the companies have never failed to supply the market with fuel for a single day even in the most difficult of circumstances, and they are continuously cooperating with official bodies to regularly meet the needs of the market,” the APIC’s statement added.
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