The Department of Petroleum Resources, DPR, has imposed a fine of one million naira on fuel stations selling above the new pump price.
Speaking at a meeting in Abuja, the Director of the Department of Petroleum Resources, Mordechai Ladan, stated that such fuel stations also risk being closed for three months.
He said that the agency had observed that compliance by petroleum marketers has not been good enough but warned that the weight of the law would catch up with those found violating its orders.
Top officials of the DPR had converged on the nation’s capital to assess the level of compliance to the new fuel pump price of N86:50k across the country.
The officials, one after the other, told journalists their efforts so far to ensure strict compliance with the new price for petroleum products as well as ensuring availability of the products.
The meeting came after the Minister of Petroleum Resources called for a step up in surveillance activities on retail outlets across the country.
Resolutions reached at the end of the meeting focused on strict enforcement and tougher sanctions on marketers who fail to comply with the official pump price for petroleum products.
The Department of Petroleum Resources (DPR) in Niger State has insisted that failure by any marketer in adherence to petroleum regulations will result into taking more stringent action in line with the law.
The Niger State Controller of DPR, Engineer Abdullahi Isah Jankara, said this in Minna at a meeting with the officials of the Independent Petroleum Marketers Association of Nigeria on product supply to the state.
He vowed that the agency would intensify its surveillance in 2016 to cover every nook and cranny in Niger State.
The DPR boss also said that the agency would supervise the distribution of fuel to every part of the state at government regulated price, adding that the DPR was equipped both in logistics and security wise to bring sanity into petroleum distribution in Nigeria without any hindrance.
He urged marketers to officially forward their complaints to the agency’s office to find a lasting solution to them.
He commended marketers that have been abiding by the regulations and urged others to follow suit.
Mr Jankara noted that the DPR had ascertained noncompliance offences such as pump under delivery, profiteering, violation of DPR seals and diversion of petroleum products, adding that others were general safety at retail outlets and operating stations without DPR valid licenses.
In their response, the marketers commended the DPR officials for the meeting which helped them to brainstorm on the way forward in getting the available products at official price and how to protect their business in the state.