EIAB MEMORANDUM CIRCULAR NO. 93-11-01

: The legal basis is Batas Pambansa Blg. 33 as amended by P.D. 1865, particularly Sections 2 (b) and 3, which prohibit and define hoarding of petroleum products including LPG.
: Hoarding is defined as the undue accumulation by a trader of petroleum and/or petroleum products beyond his or its normal inventory levels and/or the unjustified refusal to dispose of, sell or distribute the same to consumers.
: A person convicted of hoarding LPG shall be punished with a fine of not less than P20,000 but not more than P50,000, or imprisonment of at least 2 years but not more than 5 years, or both, at the discretion of the court.
: Yes, the government can impose a fine of not more than P10,000 or suspend or remove the license or permit of hauler, marketer, refiller, dealer, sub-dealer, or retail outlet involved in hoarding.
: Yes, the unjustified refusal to sell or distribute LPG is considered an act of hoarding under the law.
: Any person, including haulers, marketers, refillers, dealers, sub-dealers, or retail outlets who commits the prohibited acts can be penalized.
: The minimum imprisonment is 2 years and the maximum is 5 years upon conviction.
: Yes, administrative penalties are imposed only after due notice and hearing.
: Some areas of Metro Manila and Luzon provinces were reported to experience LPG scarcity due to hoarding.