DPR threatens to sanction marketers hoarding fuel

The Department of Petroleum Resources (DPR) on Tuesday reiterated its readiness to punish petrol stations hoarding fuel and selling above the official price.

DPR’s Operations Controller in Osogbo, Mr. Ademola Makinde, gave the warning while paying a courtesy visit to Oba Akinola Akinrera in Ifetedo, Osun State.

Makinde said the warning was necessary as the year is ending He said serious sanctions await erring fuel stations.

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The operations controller said any filling station discovered to hoard fuel would be penalized in line with the laws and operational guidelines.

“You know the year is winding up gradually and many of our independent marketers are in the habit of hoarding fuel to create artificial scarcity, while some sell above the regulated price.

“But this time around, any filing station caught in that act will not be spared and that is why we are appealing to them not to engage in such activities because our surveillance team will be up and doing,” Makinde said.

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