Petrol Stations Selling Fuel Above New Pump Price Will Pay N1m Fine – Dpr
BEVERLY HILLS, January 17, (THEWILL) – Fuel stations across the country selling premium motor spirit, otherwise known as petrol, above the newly approved pump price of N86:50k per litre risk paying a fine of N1m if caught by the Department of Petroleum Resources, DPR.
Director of the department, Mr. Mordechai Ladan, who disclosed this at a meeting in Abuja noted that such fuel stations also risk being shut down for three months.
Disclosing that the agency had observed that compliance by petroleum marketers has not been good enough, he warned that the weight of the law would catch up with those found violating its orders.
One after the other, DPR officials informed journalists of efforts so far taken by them to ensure strict compliance with the new price for petroleum products as well as ensure availability of the products.
The meeting came after the Minister of state for Petroleum Resources, Dr. Ibe Kachikwu called for a step up in surveillance activities on retail outlets across the country.
Resolutions reached at the end of the meeting, meant to assess the level of compliance of petrol stations with the new fuel pump price, called for strict enforcement and tougher sanctions on defaulting marketers.