Anambra warns petroleum marketers against hoarding

| December 24, 2012 | 0 Comments

THE Anambra State government has cautioned petroleum marketers in the state against engaging in hoarding or arbitrary hiking of the pump price of products during the Christmas and New Year festive period, warning that offenders would be arrested and prosecuted.

Special Adviser to the governor on petroleum matters, Comrade Peter Nwosu gave the warning in an interview yesterday in his office at Awka. He insisted that any filling station involved would be shut.

Nwosu confirmed that arrangements had been made to ensure steady supply of petroleum products at the approved official price of N97 per litre throughout the state, adding that petroleum dealers had no reason to increase price.

“With regular payment of Petroleum Equalisation Fund (PEF) to marketers by the Federal government, they have no reason to hoard the products and cause artificial scarcity or increase the pump price”, he said.

He said government has planned to constantly monitor filling stations during the yuletide period, adding that with approval from the Commissioner for Special Duties, he undertook an inspection tour of the NNPC depots in Port Harcourt, Enugu and Aba to secure more allocation to the state to avert fuel scarcity.

Culled from :Here

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