Business
DPR Warns Against Panic Buying Of Fuel
The Department of Petroleum Resources (DPR) has warned consumers of the Petroleum Motor Spirit (PMS) in its Port Harcourt zone to desist from panic buying, saying it had adequate stock despite the outbreak of the Coronavirus pandemic.
The department said the zone comprising Rivers State and neighboring states currently had 107million litres of PMS in eight of its depots in Port Harcourt and was expecting more product in a few days.
It also warned against buying the product above the current price regime of N125 per liter, explaining that most filling stations had adjusted to the new price.
The Port Harcourt Zonal Head of Downstream, Anthony Oyom, who was accompanied by Mohammed Akwa, an engineer in charge of the zone’s projects, depots and jetties, spoke in Port Harcourt while monitoring the compliance of depots and filling stations to the new price of PMS.
The investigations showed that the depots where the Nigerian National Petroleum Products (NNPC) stored imported fuel had enough of the product.
For instance, depots at TSL Logistics had about 24m litres; Conoil had 5million and was expecting 27million in a few days; Stock-Gap, 22m litres; Liquid Bulk, 42m litres, among others.
Operators of the depots said they were trucking out the product at the new regulated depot price of N113, insisting that they were not lacking fuel at their facilities.
Oyom said: “We went out to do surveillance to all the depots within this axis and also some filling stations to confirm that the depots are selling at the new depot price and also the retail outlets are selling at the new pump price that the minister gave the directive on March 18, 2020.
“We checked six depots and in all of them we saw that they had enough products. Currently we have over 100m liters of stock in Port Harcourt. We are expecting millions of litres in a few days. At the end of this week, we should have at least 150 million litres stored in Port Harcourt.
“We have enough fuel for Rivers State and the immediate environment. Also, retail outlets are complying with the new pump directive. There is absolutely no reason for anybody to engage in panic buying.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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