Friday, 19 December 2014

Benue monitors Petro hoarders

AS petroleum marketers in Benue State are allegedly harping on the PENGASSAN strike to make brisk businesses, the state’s Petroleum Monitoring Committee has warned that it would sanction any petrol station that exploits motorists by hoarding the products.

Senior Special Assistant to Governor Gabriel Suswam on Public Utilities and member of the committee, Mr. Gaddafi Asemanya, regretted that the PENGASSAN strike was coming at the yuletide period and advised stakeholders to expedite action towards resolving the crisis.

   He told The Guardian in Makurdi that the crisis has led to the increase in oil price from N97.00 to over N105.00, explaining that most independent marketers source products from the open market and sell over the approved pump price to make profit.

   “But we are monitoring the major marketers closely to ensure that those that have products do not hoard them or sell above the approved pump price,” he said. “We will sanction any petrol station caught selling above N97.00.”

   Meanwhile, long queues are visible in most filling stations even as black marketers have seized the opportunity to make brisk business.

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