Oil and Gas

Oborevwori warns marketers against hoarding, fuel price hikes

Supreme Desk
31 May 2023 9:16 AM GMT
Oborevwori warns marketers against hoarding, fuel price hikes
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He said that government had been inundated with reports of filling stations in the state hoarding products and thereby creating artificial scarcity with intent to hike price.

Gov. Sheriff Oborevwori of Delta cautioned fuel marketers in the state on Tuesday against hoarding petroleum products, especially Premium Motor Spirit (PMS), also known as petrol.

The governor gave the warning in a statement issued by his Chief Press Secretary, Mr. Festus Ahon, in Asaba.

He said that the state government would not tolerate acts that would make life difficult for the people of the state.

He said that the state government's desire was to grow the economy of the state through its MORE agenda.

He, therefore, solicited the support of all stakeholders in his determination to make life more meaningful for the people.

“We have heard and seen the reaction of petroleum marketers in the state to the announcement of the alleged subsidy removal by President Bola Tinubu,” he said.

He said that the government had been inundated with reports of filling stations in the state hoarding products, thereby creating artificial scarcity with the intent to hike prices.

The governor said that the state governmenthad viewed the action of these marketers as unpatriotic and waging an economic war against the people.

“As a government, we will not watch marketers exploit the people of Delta of their hard-earned income through the creation of artificial scarcity,” he said.

He, therefore, called on the marketers to be patriotic and continue selling their products to the general public at the official pump price.

Oborevwori said that the relevant government agencies have been directed to monitor the situation and ensure total compliance with the directive.

He cautioned that the government would not hesitate to take necessary actions against any filling station found hoarding the product or selling it above the official price.

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