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Trouble awaits marketers who hoard petrol

27 March 2014, 10:34

Lagos - Following the recurring petrol scarcity in Lagos and its environs, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has vowed to penalise marketers indulging in fuel hoarding in its Western zone.

The IPMAN Chairman of the zone, Olumide Ogunmade, said a joint task force by IPMAN and the NNPC had been set up to monitor fuel retailing in the zone, to ensure that marketers were not hoarding the product.

“We will not hesitate to sanction any marketer caught hoarding the product.

“A joint Task force between NNPC and IPMAN had been set up to monitor filling stations and sanction them accordingly,’’ he said.

Ogunmade said the efforts of the NNPC to address fuel scarcity in the western parts of the country had received a boost with the loading of 197 trucks recently.

“I want to confirm to Nigerians and marketers that with the level of petrol injected into the western zone by NNPC, there is no cause for panic buying and hoarding,” the chairman said.


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