Monday, May 20, 2024

Fuel scarcity: Marketers warned against hoarding in Osun


The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has warned petroleum entrepreneurs in Osun State in opposition to hoarding the merchandise.

The company additionally cautioned residents of the state in opposition to panic shopping for, hoarding and storing of petroleum merchandise at residence.

The State Coordinator of NMDPRA, Adekunle Adeyemo, gave the warning whereas talking with journalists on Monday in Osogbo.

Adeyemo mentioned that the surveillance crew of the company can be all out to make sure that no filling stations hoard the product.

In response to him, any entrepreneurs caught hoarding the gas or partaking in any type of sharp practices can be handled in accordance with the dictates of the regulation.

Adeyemo assured that the company would intensify its monitoring and surveillance of retailers according to its regulatory mandate to make sure compliance with high quality, amount and security of operations.

He additional acknowledged that the federal government was doing all the things doable to make sure satisfactory availability of the product, and it will likely be unfair for unbiased entrepreneurs who’ve the product in inventory to be hoarding it.

“We need to attraction to unbiased entrepreneurs who’ve petroleum merchandise in inventory to cease hoarding.

“It is going to be inhuman for individuals who have the product to be hoarding and inflating the pump worth. The surveillance crew of the company is already out to make sure that those that have the product are shelling out it to motorists at an inexpensive worth,” he mentioned.

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