Edo warns against hoarding of petroleum products

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By Gabriel Enogholase BENIN — Following fears that the Federal Government might increase the price of petroleum products, Edo State government has warned petroleum marketers against selling the product above the pump price of N145 per litre.



Edo State Governor, Mr. Godwin Obaseki

The state government also warned marketers to desist from the act, as those found culpable would be made to face the full wrath of the law. Edo State Commissioner for Energy, Oil and Gas, Mr. Joseph Ugheoke, who gave the warning in a statement in Benin City, yesterday, said the state government had called a meeting with executives of the Edo State Chapter of Independent Petroleum Marketers Association of Nigerian, IPMAN, and Major Oil Marketers Association of Nigeria, MOMAN, to strategise on how to ensure steady supply of petroleum products during the Easter celebrations.

He said: “It has come to the notice of the state government that petroleum marketers are illegally hoarding and diverting petroleum products thereby, creating unnecessary hiccups and tension in the sector.” “All petroleum marketers are hereby enjoined to cooperate with the Nigerian National Petroleum Corporation, NNPC, to ensure that petroleum products are promptly distributed.”

He assured Edo people of adequate supply of petroleum products across the state, particularly during the Easter period.” Stating that the state government was working to ensure that petroleum marketers do not exploit members of the public, he warned “Any petroleum marketer found to be selling Premium Motor Spirit (PMS) above the stipulated price of N145 per litre or causing a hitch in the supply chain, will be made to face the full wrath of the law.

source:https://samueljackson12.blogspot.com/2019/04/edo-warns-against-hoarding-of-petroleum.html

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