The Department of Petroleum Resources (DPR) has reportedly shut 23 Private Petroleum Products Depots across the country for allegedly selling Premium Motor Spirit (PMS) to marketers above the fixed price of N77.66 per litre.
According to DPR Director, Mr Mordecai Ladan, the shutting of the facilities was carried out last friday and the affected depots included two from Warri, three from Calabar and eighteen from Lagos. He said,
The clampdown on the private depots followed the report of a special investigation team set up by DPR to uncover some unwholesome practices by the private petroleum products depots following a tip-off
He also revealed that the depots would remain shut until the owners are able to meet the demands of DPR which was to include a payment of two million naira fine and signing an undertaking that PMS would not be sold to bulk buyers.
It should be noted that the Department of Petroleum Resources had earlier directed all its offices to ensure that all filling stations sold PMS at the government approved price of N87.00 per litre regardless of the cost of PMS at the depot.