DPR begins investigation of depot owners for selling petrol above official price

The Assistant Director, Public Affairs, Department of Petroleum Resources, DPR, Mrs Dorothy Bassey, says investigation into depot owners in Apapa, Lagos State, who sell fuel to marketers above the official rate of N133.28kobo has begun.

Speaking on Wednesday, Bassey warned that any port owner found guilty would be sanctioned, adding that there is no reason for any depot to sell petrol above the official ex-depot price.

According to Bassey, “The agency will not hesitate to sanction any depot found guilty of the claim.”

Following an announcement by the Group Managing Director, Crude Oil Marketing of Nigerian National Petroleum Corporation, NNPC, Mele Kyari, that the sale of petrol at N145 per litre was no longer feasible  with the current foreign exchange, the depot owners were said to as at yesterday allegedly increased the ex-depot price .

However, the Group General Manager, Group Public Affairs Division of the NNPC, Malam Muhammad Garba-Deen, had cleared the air, saying there was no plan to increase the pump price of fuel . 

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