DPR threatens to deal with culprits
businessdayonline.com | Nov 1, 2009
by Olusola Bello
Artificial scarcity of premium motor spirit, better known as petrol hit Lagos, Abuja and neighbouring areas yesterday leading build ups of long queues at filling stations.
The Department of Petroleum Resources (DPR) says the cause is that some petroleum marketers are hoarding the product with a motive to profiteer from an unfounded anticipation of the deregulation of the nations petroleum downstream sector.
Billy Agha, the director of DPR warned today that petroleum marketers who were hoarding fuel would have themselves to blame if the continued to hoard the product.
Agha said some marketers and dealers were engaging in black marketpractices for the purpose of making undue and unofficial personal gain from petroleum product sales.
He said any marketer or distributor caught in the act would be severely dealt with.
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