Pump Price: DPR to fine violators N1m, shut stations

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Mordecai Danteni Baba Ladan, DPR Director
The Department of Petroleum Resources (DPR) has said that henceforth, any oil marketer caught manipulating the pump price of fuel will be fined one million naira and the station closed for three months .
The Director of Petroleum Resources of DPR, Mordecai Ladan, made the plan known in an interview with NAN in Abuja on Friday.
“Any fuel station owner found manipulating pump price will be shut down and we will charge the marketer one million naira and the station will be closed for a period of three months.
“Those who under-deliver products will be charged N100,000 per pump. So, if you have six pumps, you will be charged N600,000 and the station closed down for three months.
“If you hoard products, as the minister has directed, we will dispense the product free to the public,” he said.
According to him, there is no justification for any marketer to sell above pump price and marketers found contravening the policy will be punished accordingly.
Ladan said DPR had observed that compliance by marketers was not adequate causing it to convene the meeting of field commanders to ensure full compliance by retail outlets.
He said that the meeting was a follow-up to the minister’s directive to DPR to step up its surveillance activity on retail outlets throughout the country.
“We have come together to discuss and deliberate on the strategies to use on marketers to ensure compliance on the stipulated pump price.
“We are taking measures to ensure that marketers that have been allocated products really sell at the stipulated pump price,” he said.
Commenting on the level of compliance to the directive, the Kaduna Zonal Coordinator, Malam Usuman Ndanusa, said there was total compliance in Kaduna metropolis, while efforts were being made to cover rural areas.
“We are still in the process of going round the interiors …Read More

Source:: PM Newspaper