The Department of Petroleum Resources (DPR), has said that any depot that promote gasoline above the ex-depot charge of N133.38 to petroleum marketers would be accountable to three months closure and a best of twenty million Naira fine,
Wole Akinyosoye, DPR’s Zonal Operations Controller, Lagos, who disclosed this the day prior to this in a announcement as phase of the measures to curb the biting fuel shortage in the country, additionally stated the Pipelines and Product Marketing Company (PPMC), would also exclude the erring depot from Coastal furnish allocation for at least a length of one year
He additionally stated depots promoting Premium Motors Spirit (PMS), otherwise known as gas to bulk buyers except verifiable retail stores would be slammed A first-rate of ten million Naira first-rate and closure for at least six months, after the merchandise in the Depot have been bought off.
According to Akinyosoye, best of N200.00 per litre would be imposed on the hoarded product at retail stores and the erring station would be closed for at least six months. He said the recovered product would be auctioned off free to the public.
For selling product above the fee cap at retail outlets, the official added that such station chance six-month closure, whilst product being sold above the cap price would be auctioned off to the public.
He assured Nigerians that the authorities is doing the entirety to make certain restoration of normalcy to the oil sector.