CIDG seizes P700K evidence of illegal petroleum trading in Misamis Occidental

Authorities arrested two men suspected of engaging in the trading and sale of petroleum products without the required license from the Department of Energy (DOE).

The Criminal Investigation and Detection Group (CIDG)-Misamis Occidental conducted a raid in a house at Barangay San Vicente Baj in Oroquieta City and seized a portable micro-fuel dispenser containing more or less 1,010 liters of gasoline, with an estimated total value of Php 701,000.

According to Police Major General Robert Morico II, CIDG director, Presidential Decree No. 1865 prohibits the sale or distribution of petroleum products for profit without the necessary license or authority from the DOE.

The law aims to address emerging unfair trade practices and ensure energy conservation.

"The CIDG assures the public that the unit is resolute in enforcing all the laws and relentless in its fight against all forms of illegal activities and violations of law across the country," Morico said.

CIDG urges the public to report all illegal trading, hoarding, and profiteering of petroleum products in their localities. —LDF, GMA News