NNPC threatens to shut stations hoarding fuel, vows to dispense free fuel to motorists
- The group managing director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has threatened to shut petrol stations hoarding fuel
- Maikanti said NNPC will also dispense free fuel to motorists from filling stations found hoarding petrol products
- He said it an aggressive measure that will be adopted to tackle the artificial scarcity of petroleum products in some parts country
The group managing director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has threatened to shut petrol stations hoarding fuel and also vowed to dispense free fuel to motorists from this stations, The Nation reports.
NAIJ.com gathered that this measure is an aggressive measure which the federal government would adopt to tackle the artificial scarcity of petroleum in some parts country.
Baru gave the warning during the inauguration of N300 million litres tank farm in Ibefun by Petrolex Mega Oil City.
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He said the fuel scarcity is caused by unscrupulous marketers who hoard petroleum product.
He said: “We must have noticed the sudden return of fuel queues in some parts of the country last week; this is unfortunately attributable to the activities of some independent marketers who are hoarding the product in anticipation of perceived increase in price of petroleum product.
“We’ve said it time and time that the government and NNPC have no intention of increasing the price of petroleum at this moment.
“Moving forward however, DPR will be more aggressive in curtailing this menace by sealing any petrol station found hording petroleum products. The products will be dispensed to motorists free of charge, so be on notice."
NAIJ.com had previously reported that the federal government of Nigeria had stated that there was no shortage of fuel supply across the country, saying the recent scarcity is caused by hoarding of fuel.
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The government, in a tweet on his official tweeter handle, said unfounded rumours of a price increase caused the queues being seen at petrol stations in the country.
In the tweet, the government said there was no increase in price, adding that there was no justification for panic buying.
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Source: Naija.ng