Home News DPR Warns Against Fuel Price Hike, Hoarding

DPR Warns Against Fuel Price Hike, Hoarding


By Deborah Oladejo, Osogbo

The Department of Petroleum Resources (DPR), has threatened that any filing stations found hoarding fuel or selling above the official price in Osun  would be sanctioned.

The DPR’s Operations Controller in Osogbo, Mr Ademola Makinde, gave the warning during a visit by the management team of the department  to the palace of Oba Akinola Akinrera, in Ifetedo, Osun.

Makinde, who noted that the warning became necessary as the year was coming to an end,  said sanctions await filing stations found compromising the dispensing process.

The Operations Controller added  that any filing station caught hoarding petroleum would also be punished in line with the laws and operational guildlines.

Makinde said the department had put effective monitoring teams in place that will be going out to ensure that filing stations sell at the official price and did not adjust nor hoard the product.

He said  DPR would continue to   engage and educate Independent marketers on the need to  conform to the laws and operational guidelines.

“You know the year is winding up gradually and many of our Independent Marketers are in the habit of hoarding fuel to create artificial scarcity, while some sell above the regulated price.

“But this time around,  any filing station caught in that act will not be spare and that is why we are appealing to them not to engage in such act because our surveillance team will be up and doing” Makinde said.

He said the DPR management decided to visit the monarch because  the support of royal fathers in the fight against fuel hoarding and price hike  at filling stations across the state could not be over-emphasised.

According to him, since traditional rulers have positive influence on their subjects, including those in the oil and gas business, their support in educating them on the need to be upright is, therefore, very important.

In his remarks,  Oba Akinrera,  commended the management team of the department for the visit.

The monarch said he would continue to support DPR in achieving its goals and mandate,  adding that he is once a staff of NNPC.

Oba Akinrera, however,  called for more developmental projects by the government at the grassroots.

He also urged the youths to brace up to take charge of leadership position in the country.



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