Wednesday, 1 February 2017

DPR shuts down 10 petrol stations in Yenagoa for profiteering



 The Department of Petroleum Resources (DPR) in Bayelsa says it has shut down at least 10 filling stations in the state for dispensing products above the approved price of N145 per liter.

Mr Asuquo Antai, Operations Controller of DPR in the state said on Wednesday in Yenagoa that the directorate had intensified surveillance.

“As I speak, we want to send signals to others that we cannot tolerate profiteering.






“The marketers are mking moves to increase the price of petrol due to pressure on ex-depot prices, but we insist that the market is a regulated one and the government has not reviewed the price of petrol.

“We are also aware that prices at NNPC depots have remained the same but some lift from there and claim that they bought from private depots at higher prices.

“We have met with Independent Petroleum Marketers Association of Nigeria (IPMAM) officials in Bayelsa and they have complained that products arrive the depots above the ex-depot prices of N136.

“They maintained that the pressure on price was eroding their allowed margings and eating into their profits, but we have advised them to discourage profiteering by not sourcing the products at exhorbitant prices because we cannot allow anyone to sell above N145,” Antai said.

He said that DPR in Bayelsa would not watch and see petrol dealers exploit members of the public who are already facing the challenges of economic recessions.


He advised the fuel dealers to patronise the Nigerian National Petroleum Corporation depots where products were being loaded at government approved rates.

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