Fuel scarcity: FG to sanction erring marketers selling above N165/litre
By Uthman Salami
The Federal Government has vowed to deal decisively and sanction erring Depot Owners caught selling petroleum products beyond the approved pump price of N165 per litre and Ex-Depot price in the country.
This promise was made known by the Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday in Abuja while briefing journalists on Federal Government’s effort to resolve the issue of fuel scarcity in the country.
The Minister charged the masses to report anyone who tried to take advantage of the situation for sanctioning as required by the law.
While speaking with journalists, the Minister said, “We are aware, just like President Muhammadu Buhari said in a statement, that there are some Depot Owners who are taking advantage of the situation by increasing the Ex-depot price.
“I can assure you that there will be sanctions for any of those depots that continues to increase the Ex-depot price as approved. We are going to deal decisively with anyone who tries to take advantage of this situation.
“It’s been a difficult few weeks; few weeks ago, we had issue of petroleum product shortage. I have already addressed that matter which coincided with the geopolitical tension in Ukraine and Russia.
“Prices of crude oil went up exponentially beyond levels expected. As you all know, when crude oil prices rise to that level, it can also affect the derivatives of crude oil.
“Nigerians are suffering because of the high diesel prices, including everywhere else globally.
“This is not peculiar to us at all. Diesel is a deregulated product and therefore when the prices go up internationally it affects the price also in Nigeria,” he said.
Consequently, the minister said the trucks that could move petroleum products, that ran on diesel were impacted and could not really cope with the high diesel prices.
Albeit he said the products were available in the depots, the trucks could not move the product for the high cost of transportation.
“If any deport owner increases price or any fuel station tries to take advantage of the situation, the public should report immediately.
“If we do not get the report, we cannot know what is going on or sanction them,” he said.
Sylva said the management of the Nigerian National Petroleum Company Ltd.,(NNPC), and Nigeria Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), had been working very hard.
Sylva said the situation is gradually being controlled.
He said that supply is being increased especially that of Abuja.
“We are not resting; we share the pains of Nigerians.
“We will continue to ensure that the situation is controlled. Queues are coming down in Lagos and other parts of the country. Very soon, this will be a thing of the past,” he assured.
