Business
DPR Seals 12 Filling Stations In Abuja
The Department of
Petroleum Resources (DPR) has sealed 12 filling stations in Abuja for profiteering and selling above government approved prices.
A statement by Mohammed Usman, the DPR Zonal Operations Controller, said in Abuja yesterday that the 12 stations had brought to 34 the number of filling stations sealed by the DPR in Abuja and environs.
It said that surveillance was carried out by four teams covering Abuja and its environs.
“A total of 46 filling stations were visited and the exercise indicated availability of PMS in the stations with some queues observed,” it said.
According to the statement, a total of 12 filling stations were sealed at the end of the exercise.
It named the stations as Harry Pet filling station in Gwagwalada for selling PMS at N110, Drison Oil filling station at Giri for selling PMS at N100 and Ohinoyi Oil in Kwali for under dispensing with -3770 mls.
Also sealed were Gausiya filling station at Giri where one pump was sealed for under-dispensing with -740 mls, Adelhi Ltd filling station at Masaka for selling. PMS at N105 and Hariz Pet at Masaka sealed for selling PMS at N110.
Oando Plc at Maraba Aso was sealed for suspected diversion of PMS (45,000 litres), Mobil New Nyanya had one pump sealed for under-dispensing with -730 mls and Badeggi Petrol station at Dikko Junction sealed for selling PMS at N110.
Others were Edewa Ltd at Kwamba Suleja sealed for selling PMS at N105, Shemaco filling station, Kwamba Suleja was sealed for selling PMS at N97 and Dee Jones,Kwamba, Suleja was sealed for selling PMS at N105 and under dispensing with -420 mls.
The statement noted that the affected stations were to remain sealed for at least one month as well as forfeiting their bridging claims for the products in question.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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