May 28, 2024
DPR warns marketers against hoarding of petroleum products
DPR generates N2.24trn in 8 months, targets N5trn in December
– By Alison Godswill

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The Department of Petroleum Resources (DPR) has issued warning to marketers against hoarding of Petroleum products in their outlets.

The Director/CEO DPR Sarki Auwalu gave this warning following the emergence of queues in retail outlets in some states of the federation.

He stated that from available records, there is product sufficiency in the country and that there was no need for hoarding by any marketer.

He emphasized the the Department will not hesitate to apply appropriate sanctions on any outlet found wanting in this regard.

He further stated that the agency has set up a special taskforce to intensify surveillance and monitoring of all retail outlets and depots nationwide to check the anomaly and advised the general public against panic buying.

He assured that DPR will continue to provide its regulatory focus of quality, quantity, integrity and safety ( QQIS) for the for effective operations of the Downstream sector.

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