Oil and Gas

Fuel scarcity: Osun govt warns marketers against hoarding

Supreme Desk
29 April 2024 2:55 AM GMT
Fuel scarcity: Osun govt warns marketers against hoarding
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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.

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 an 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 have been 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 for members of the public.

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

Supreme Desk

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