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.
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