Forte Oil fined N4.2 million for hoarding petrol in Kano

Forte oil
Forte oil

A committee set up by Kano State governor, Abdullahi Ganduje, to prevent hoarding of petrol and selling above official rate, has fined a Forte Oil filling station in the state the sum of N4.2million.

The state commissioner for ​c​ommerce, Rabiu Bako, who is the chairman of the committee, told our correspondent ​by phone that the station was fined for both hoarding of the product and selling above pump price at night.

Mr. Bako said the stipulated penalty for a filling station found hiding petroleum products and selling above pump price was to make it pay fine by doubling the official pump price of their existing product.

He added that at the time of the clamp down, the station had already disposed of 26,000 litres from the 34,000 litres allocated to it.

The commissioner said when they multiplied the cost of the available litres with the surcharge, they arrived at N4.2million.

Mr. Bako also disclosed that they found another filling station, A.Y. Maikifi Petroleum, filling the product into gallons for black marketers.

He said the station manager was reprimanded for under-dealing.

Reports of the penalty slammed on Forte came less than two weeks after the Nigerian National Petroleum Corporation awarded the company a contract to lift 45,000 bpd of Nigerian crude in 2016.

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