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Petroleum Minister Orders DPP To Distribute Hoarded Fuel Free To The Public

Published

8 years ago

November 18, 2015

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday directed the Department of Petroleum Resources to seal off fuel stations found to be hoarding petroleum products and dispense the petroleum free to the public.
The Minister gave the directive after a working visit to some retail outlets in Abuja.
“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,” he
said. “It is not just sealing the station that is the answer. It is penalizing them when they do these things. I hope the message goes out loud and clear.”
Meanwhile, the Minister has scheduled a session on Wednesday with key operators in the downstream sector of the petroleum industry, namely the Major Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association, as well as Jetty and Tank Farm Owners Associations.
The meeting is expected to mobilise the oil marketers across the country to cooperate with 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. They must take
responsibility for all their filling stations. 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 vessels,” he explained.
Currently, he said there was enough supply of petroleum products by the Nigerian National petroleum Corporation, as about 38 million litres of
products haa been moved to various filling stations
across the country help resolve the crisis.
On the approved payment of N413 billion subsidy
claims to marketers, the minister confirmed that
President Muhammadu Buhari had since transmitted
a letter to the National Assembly for the approval of
subsidy claims.
The Central Bank of Nigeria, he assured, would soon
make the funds available to the marketers once
appropriated by the National Assembly.
The Minister also said there was no plan by the
government to reduce the price of petrol soon, adding that marketers should desist from hoarding fuel and make products available to the motorists.
To ensure that products become available to
consumers, the NNPC said figures from the daily
dispatch of petrol to depots across the country
showed that by Tuesday about 38.3 million litres of petrol was dispatched by the Pipeline and Products Marketing Company, PPMC across the country