The Division of Petroleum Sources (DPR) on Tuesday mentioned that it’s going to not hesitate to use acceptable sanctions on entrepreneurs engaged in hoarding of petroleum merchandise of their retailers.
Mr Sarki Auwalu, Director, DPR, gave the warning in a press release issued on Tuesday in Lagos.
Auwalu mentioned the warning was necessitated by the emergence of queues in stores in some states of the federation.
DAILY POST gathered that Petrol black entrepreneurs on Monday resurfaced in main highways within the Federal Capital Territory (FCT), Abuja.
On the Kubwa expressway, many petrol stations similar to Gegu Oil, AA Rano, Shema and NNPC petrol stations had lengthy queues with individuals promoting gasoline outdoors the stations.
Nonetheless, Auwalu maintained that from obtainable data, there may be product sufficiency within the nation and there was no want for hoarding by any marketer.
“The DPR is not going to hesitate to use acceptable sanctions on any outlet discovered wanting on this regard.
“The regulatory company has arrange a particular taskforce to accentuate surveillance and monitoring of all stores and depots nationwide to test the anomaly,” he warned.
He, due to this fact, suggested most people in opposition to panic shopping for.
Auwalu assured them that the DPR would proceed to supply its regulatory focus of high quality, amount, integrity and security for the efficient operations of the downstream sector.