The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday
ordered the Department of Petroleum Resources (DPR) to sanction errant
petrol stations in the country and sell-off for free the storage of
those stations that are hoarding the product.
The measure is part of a spirited federal effort to end the fuel
queues in major cities across the country, and the Minister asked DPR to
ensure strict compliance by visiting
various fuel stations.
“I have instructed DPR that if they discover any fuel station
involved in hoarding, they should sell the products for free to
customers around there. It is not just sealing the station that is the
answer. It is penalizing them when they do these things and I hope the
message goes out loud and clear,” he said.
The Minister, who is billed to host a strategy session with the Major
Marketers Association of Nigeria (MOMAN); the Depot and Petroleum
Products Marketers Association (DAPPMA); the Jetty and Tank Farm Owners
Associations and other relevant stakeholders in Abuja on Wednesday,
charged oil marketers nationwide to cooperate with the government to
ensure speedy clearance of the fuel queues.
“I am getting all the majors to get involved and they must take
charge of the situation and they must take responsibility for all their
filling stations,” he said. “Currently, there is enough supply and we
are moving trucks massively to address the situation. I have instructed
the DPR and the Petroleum Equalization Fund and all the other agencies
to work towards the fast track movement of petrol bearing trucks and
On the approved payment of N413 billion subsidy claims to marketers,
he reiterated that President Muhammadu Buhari has transmitted a letter
to the National Assembly for the legislative approval of the subsidy
claims, noting that the Central Bank of Nigeria will make the funds
available to the marketers once appropriated by the National Assembly.
Dr. Kachikwu also stressed that there is no price reduction of petrol
in the horizon and that marketers should desist from hoarding and make
the products available to the motorists.
According to Mr. Alegbe, figures from the daily dispatch of petrol to
depots in the country indicate that 38,277,955 litres of petrol were
dispatched by PPMC yesterday, November 16.