DPR warns against hoarding of petroleum products by depot owners, threatens sanctions

DPR has warned depot owners against the hoarding of petroleum products in their facilities across the country.
The Department of Petroleum Resources (DPR), has warned depot owners against the hoarding of petroleum products in their facilities across the country.

This follows the reported appearance of queues at some filling stations across the country, which could be a result of artificial scarcity created by the depot owners and some retail marketers.

According to a report by the News Agency of Nigeria (NAN), this warning was issued by the Director/Chief Executive of DPR, Mr Sarki Auwalu, in a statement on Wednesday, February 17, 2021, in Lagos.

Auwalu, in his statement, noted that the warning had become imperative following reports received by the agency on the unwholesome activities of some depot owners who have created artificial scarcity by hoarding products in some parts of the country.

Their illegal activities could be to ultimately help achieve their agenda of driving up the price of these petroleum products.

While pointing out that the nefarious activities of these depot owners is causing untold hardship to Nigerians, Auwalu said that from available records, there was product sufficiency in the country and that there was no need for such practices by these group of unpatriotic citizens.