The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has threatened to shut down filling stations selling fuel above the approved pump price of N165 per litre.
Ahmed said the regulator has warned members of the Depots and Petroleum Marketers Association of Nigeria (DAPMAN) and Major Oil Marketers of Nigeria (MOMAN) that retailers who sell above the agreed price will see their license revoked.
Both NMDPRA and the Petroleum Pipeline and Marketing Company (PPMC) have began supervising the sale of petrol at various retail station to ensure compliance with the N165 per litre price.
Ahmed in a statement on Tuesday, said the Federal Government has increased the transportation fee to distribute fuel across the country, from N10.46 kobo to N20.46 kobo to encourage transporters driving the truck to fuel depots.
Fuel distribution has started in Lagos, and will extend into Abuja to halt the scarcity that has made retail station contemplate on increasing the fuel pump price.
Talking about the monitoring exercise, Ahmed said, “We are actually trying to monitor the dispensing to ensure that all the stations with petrol are dispensing all their trucks to reduce the long queues and ensure efficiency in service.”
The NMDPRA boss further stated that, “We are monitoring the depot sales also, checking the number of trucks that loaded; this is a serious fact which we look at.
“There has been a lot of improvement in the distribution of PMS; we have gone round the Airport road and saw a lot of stations selling and discharging fuel.
“The queues are not long like before and the average trucks we have received in Abuja in the last three days are about 140 trucks against 70 trucks to 80 trucks received before; so there is a lot of improvement.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: How roadside foods endanger consumers’ life with trans fat in northern Nigeria
With an estimated 854,000 deaths in Nigeria, and 3,229 attributed to trans fatty acids (TFA) -related cardiovascular deaths, ADESOLA IKULAJOLU visited Nigeria’s...
INVESTIGATION: Untold story of Ondo oil producing communities battling poor health system
Access to quality healthcare is one of the nightmares of communities in Ilaje local government area of Ondo State. Despite...
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...