Business
DPR Fines Marketer For Violating Seal Order
The Department of Pe-
troleum Resources (DPR) has fined a products marketer N1 million for selling products while under DPR’s seal.
The Operation Controller of DPR in charge of Akwa Ibom and Cross River, handed down the the sanction while carrying out surveillance of filling stations in Uyo.
He said the department had earlier sealed the station known as Jobina Oil for operating without valid license, adding that it had been operating for more than 10 years without a valid license.
He said the filling station would pay the N1million for violating seal order, adding that the whole station had been resealed again.
“This station is under seal because it is operating without a valid license.
“This is an old station that has not regularised its license and we shut it down but coming here today, we saw them selling diesel, whereas the whole station had been sealed,’’ the DPR controller.
He said the filling station would be handed over to the security agency in the state for monitoring until the payment of the fine was made.
He said that four other filling stations were sealed for various offences in dispensing petroleum products.
The operations controller warned marketers to desist from buying petroleum products from spot markets in the state.
He, however, said that henceforth depot owners who sell petroleum products above ex-depot price would be sanctioned.
“The only excuse they give is that they buy fuel at high rate and fail to show us evidence that they buy at high rate.
“If the manager comes, we ask him where he got the product from, show us evident to prove that you got product from so and so depot.
“He will not and we need that evidence so that we can arrest the depot and punish them accordingly,’’ he said.
He warned marketers against lifting products if they would not sell at the government approved pump price of N86.50 per litre.
He said that any marketer who sold petroleum products, especially petrol, above government price will be sealed accordingly.
“Any marketer that will not be able to make profit in selling at N86.50 should not even border taking the product to the filling station,’’ he said.
He said the Federal Government was partnering with stakeholders in the downstream sector to ensure that normalcy returned to the petroleum industry.
Business
MWUN Backs Nigeria’s Bid For IMO’s Category C Seat
Business
Food Security: FG To Review Nigerian Agric laws
Business
Okpebholo Charges Committee To End Herders, Farmers Clash In Edo … Inaugurates Boundary Committee
-
Sports3 days ago
Makinde Fulfills Land Promise To Shooting Stars Players
-
News3 days ago
U.S. Envoy Warns Hezbollah Against Entering Israel-Iran Conflict
-
Politics3 days ago
LG Elections Beneficiaries Remain Sacked — OSIEC
-
Niger Delta3 days ago
Diri To Deliver UNIPORT’s 35th Convocation Lecture July 25th … As UNIPORT’s Mgt Visits Bayelsa
-
News3 days ago
I Have No Regrets Over My Life Paths, CharlyBoy Says At 75
-
News3 days ago
FG’ll Unlock Potential Of All States, Says Tinubu
-
Sports3 days ago
Shaibu Set To Overhaul NIS
-
Business3 days ago
PINL Awards Scholarships To 645 Persons … Presents Empowerment Packages For Host Communities.