Five petrol stations have been sealed up by the Department of Petroleum Resources (DPR) and the Nigeria Security and Civil Defence Corps (NSCDC) in Abeokuta, over allegation of hoarding and selling above the official pump price.
Officials of the DPR Inspection Department, Mosinmi Unit and officers of the Civil Defence Corps discovered that some of the stations had fuel in their tanks and not dispensing while others were selling above the government approved price.
Speaking to journalists after the operation, Public Relations Officer of the Ogun State Command of the NSCDC, Mr Kareem Olanrewaju, said that the command since the beginning of the New Year had received calls that majority of the stations are selling between N110 and N120 per litre.
He expressed displeasure that most of the independent marketers have fuel in their tanks and refused to sell to customers.
The Petroleum Pricing Regulatory Agency (PPPRA) in Nigeria had in December 2015 announced the implementation of the revised components of the Petroleum Pricing Template for Premium Motor Spirit (PMS).
In a statement by the Executive Secretary of the PPPRA, Mr Farouk Ahmed, the pump price was put at 86.50 Naira per litre, a price the agency said was in line with the prevailing market trend.
“This new price regime is with effect from January 1, 2016,” the statement read.
