DPR warns filling stations against selling above N86.50

The Department of Petroleum Resources, DPR, has warned that any filling station found to be selling Premium Motor Spirit, PMS, also known as fuel above the official pump price of N86.50 will be made to give out the product to motorists for free.

Issuing this warning in Lagos, the agency’s Assistant Director of Public Affairs, Dorothy Bassey said, “We have put effective monitoring teams in place that will go out to monitor the level of compliance with the new pump price.

“We will ensure that any station caught selling above the pump prices will have its product dispensed to customers for free.

“You know that there is holiday today, monitoring is going round, but we are going to commence on rigorous monitoring when we resume on Monday. People just refused to change to what will be beneficial to all, but we were assured that it will not be the same story next week.”

It was learnt that some marketers have partially compiled with the Federal Government’s announcement of new pump price.

Reacting to the warning, Chinedu Okoronkwo, National President of Independent Petroleum Marketers Association of Nigeria, IPMAN, said marketers were selling their old stock, adding that market forces would compel everybody to comply.

“People should see the policy as a policy that will unlock the sector.

“I’m sure they will change to the new price once they finish selling the old stock and work with the new regime of Muhammadu Buhari and begin to move the sector forward,” he said.

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