DPR seals 5 petroleum depots in Calabar

The Department of Petroleum Resources, DPR, has shutdown five petroleum depots in Calabar for selling Premium Motor Spirit (PMS) above the ex-depot price of N77.66 per litre.

Asuquo Antai, DPR’s Controller of Operations in charge of Cross River and Akwa Ibom, disclosed this to the News Agency of Nigeria in Eket on Sunday.

“The depots have been suspended from loading products to marketers, for selling above the ex-depots price of N77.66 as stipulated by government.

“We are selling off the product to the marketers at the official price of N77.66 per litre at those depots that still have it,’’ he said.

Mr. Antai cautioned other depots in Calabar against dispensing the product above the official price or the wrath of the law would catch up with them.

He added that marketers were expected to be selling PMS known as petrol at the official pump price of N87 per a litre.

He further said that DPR would sanction and prosecute erring marketers caught selling PMS above approved pump price of N87 per litre.

(NAN)

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.