In light of the recent fuel scarcity, owing to the removal of fuel subsidy, the Edo state government has threatened to revoke the land of any fuel station found guilty of hoarding petrol.
Fuel scarcity has yet again resurfaced in many parts of the country on Monday, May 29, after President Bola Tinubu announced in his inaugural speech that the era of Fuel subsidy is over.
Many Nigerians reacting to this announcement, trooped to fuel stations to purchase petroleum products in order to avert suffering scarcity and buying at a high rate.
To the surprise of many, most of these petrol stations refused selling products, thus resulting to scarcity. The stations that eventually opens to sell, hiked prices above the official pump price of N185, and sells from N400-N700.
This has resulted to confusion and suffering across the country as commuters struggle to find commercial vehicles to go about their various activities. Transport fares on the other hand have gone up as many drivers are unable to purchase fuel for their vehicles.
In a statement released on Tuesday, May 30, Osaigbovo Iyoha who is the Chief of Staff to the Edo State Government, stated that the state government will revoke the land of any petrol station found hoarding petrol.
They ordered all petrol stations to resume sales of products to Edo residents or face immediate closure of their business premises and revocation of their properties. The Edo state government condemned the act of hoarding petroleum products by these petrol stations and vowed to put a stop to any kind of extortion.
This is coming after the governor of Osun state, Ademola Adeleke also threatened to seal and prosecute any fuel station that hoards petroleum products in the state.
