DPR Shuts 23 Private Petroleum Products Depots

<img alt="fuelscarcity" height="202" src="http://www.nigerianmonitor.com/wp-content/uploads/2015/05/fuelscarcity-300x190.jpg" width="320" /><br /> <br /> <div style="background-color: white; color: #474747; font-family: Georgia, sans-serif; font-size: 14px; line-height: 24px; margin-bottom: 16px; padding: 0px;"> The Department of Petroleum Resources (DPR) has shut 23 private petroleum products depots nationwide for selling Premium Motor Spirit (PMS) to marketers above ex-depot price of N77.66 per litre.</div> <div style="background-color: white; color: #474747; font-family: Georgia, sans-serif; font-size: 14px; line-height: 24px; margin-bottom: 16px; padding: 0px;"> This was according to a statement, issued on Sunday by DPR Director, Mr Mordecai Ladan. The DPR said the shutting of the facilities took effect on Friday further adding that the depots were mainly in Lagos except for two in Warri, Delta, and three other in Calabar.</div> <div style="background-color: white; color: #474747; font-family: Georgia, sans-serif; font-size: 14px; line-height: 24px; margin-bottom: 16px; padding: 0px;"> “The clampdown on the private depots followed the report of a special investigation team set up by DPR to uncover some unwholesome practices by the private petroleum products depots following a tip-off,” the DPR Director said.</div> <div style="background-color: white; color: #474747; font-family: Georgia, sans-serif; font-size: 14px; line-height: 24px; margin-bottom: 16px; padding: 0px;"> Speaking further, Ladan said the depots would remain sealed until the some conditions were met by the owners, including payment of two million naira fine and an undertaking that PMS would not be sold to bulk buyers. He also said that all subsequent sales would be at N77.66 per litre as approved by the Federal Government, adding that DPR would monitor the sale of the remaining and subsequent products.</div> <div style="background-color: white; color: #474747; font-family: Georgia, sans-serif; font-size: 14px; line-height: 24px; margin-bottom: 16px; padding: 0px;"> Conssequently, DPR had directed all its offices to ensure that all filling stations sold PMS at government approved price of N87.00 per litre regardless of what depot is supplying the petroleum product.</div>

DPR Shuts 23 Private Petroleum Products Depots

The Department of Petroleum Resources (DPR) has shut 23 private petroleum products depots nationwide for selling Premium Motor Spirit (PM...

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