Fuel Scarcity: Governor Adeleke To Prosecute, Seal Fuel Stations Hoarding Products

Ademola-Adeleke (Credit: Channels TV)

The Osun State Government has threatened to seal off and prosecute any filling station found guilty of hoarding Petroleum products.

Governor Adeleke in a statement issued by his spokesman, Olawale Rasheed, on Tuesday, May 30, noted that hoarding of fuel is not only inhumane but also unpatriotic, and will not be tolerated in his administration . 

According to the statement, any fuel station found guilty of hoarding products in order to create artificial scarcity will risk their business being sealed off and also prosecuted for crime of economic sabotage.

Adeleke, in the statement, also revealed that a special monitoring team on fuel scarcity had been set up would carry out its duties effectively to curb any form of economic sabotage.

This artificial fuel scarcity started immediately after President Tinubu, mentioned in his Inauguration speech that he was going to remove fuel subsidy. Many Nigerians had delved into panic buying, which led many fuel stations to hoard fuel popularly known as Premium Motor Spirits (PMS).

In some states, petrol stations are selling PMS at prices way above the previous regular/official pump price of N185 /liter. The new prices around the country is within the range of N400 – N700 per liter.

However, the Managing director of NNPC, Mele Kyari has assured Nigerians that there is enough petroleum products to go round the country while urging Nigerians to stop panic buying fuel out of fear.

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