Home BUSINESS OIL & GAS Federal Govt Kicks Over Artificial Fuel Scarcity, Vows To Penalize Those Selling...

Federal Govt Kicks Over Artificial Fuel Scarcity, Vows To Penalize Those Selling Above N165

The Federal Government is complaining about the artificial fuel scarcity in most parts of the country, especially the nation’s capital, Abuja, Lagos and other big cities, vowing to clamp down on filling stations selling Premium Motor Spirit (PMS) above the N165 agreed pump price.

A statement today, June 29 the Chief Executive of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), by Farouk Ahmed, said that after a joint inspection of fuel stations in Abuja, the Agency resolved that the Federal Government has not changed its decision on the pump price of PMS at N165 per litre.

He said that regulations that would be taken would include withdrawal of service from a particular depot and shutting and sanctioning them, making it clear that nobody is above the law, “and we must enforce the regulations.

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