Thursday 9 July 2015

FUEL SCARCITY

Tankers in Kirikiri

The Department of Petroleum Re­sources (DPR) has threatened to delist the names of fraudulent petroleum marketers selling petrol above the regulated pump price of N87 per litre from further partici­pation in the Petroleum Support Fund (PSF).
The warning was handed down in Lagos yesterday by the Acting Director of DPR, Mr. Danteni Baba Ladan, during a meeting with offi­cials of Depot Products and Petroleum Marketers Asso­ciation (DAPPMA), Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN).
Ladan disclosed that de­spite several warnings is­sued to marketers to desist from selling above ex-depot price, which in turn trans­lates to higher pump prices, some marketers have con­sistently flouted govern­ment’s directive.
He stated that this trend remained unacceptable given that marketers with whom DPR has constantly interacted have benefitted from PSF, which has en­abled marketers to operate their businesses at a level that should guarantee con­stant and uninterrupted sup­ply of products.

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