‘Any Station Found Hoarding Petrol Will Be Sealed’, NNPC Warns

The Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has warned petrol stations across the country against hoarding petroleum products.

The NNPC boss gave the warning as part of ways to tackle the ongoing artificial scarcity of the product.

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Baru gave the warning in Ibefun, Ogun State, during the inauguration of 300million litres tank farm sited in the community by Petrolex Mega Oil City.

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 has 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 hoarding petroleum products. The products will be dispensed to motorists free of charge, so be on notice,” Baru said.

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