Connect with us

ECONOMY

Fuel scarcity: Osun govt warns marketers against hoarding

Published

on

The Osun government Taskforce on Petroleum Price Monitoring has warned petroleum marketers in the state against hoarding of the products.

The warning is contained in a statement by Mr Kazeem Akinleye, the Chairman of the taskforce, on Sunday in Osogbo.

Akinleye, who is also the Chief of Staff to Gov. Ademola Adeleke, said investigation by the taskforce surveillance team revealed that most filling stations were hoarding the products thereby worsening the fuel supply situation in the state.

According to him, surveillance activities are being conducted in major towns and the state capital in the last three days which revealed deliberate hoarding of fuel to create artificial scarcity.

“We are issuing a strong warning to affected filling stations which are already listed as direct culprits to open up their tanks and dispense fuel to members of the public.

“We urge marketers to be public spirited in their pricing of Petroleum products and be reminded of the already harsh economic situation on members of the public.

“Failure to stop the fuel hoarding and take humanitarian notice of prevailing economic situation in the country will lead to severe sanctions”, he said.

Victor Adeoti

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel