The national spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman has disclosed that more than 100 petrol stations have been sanctioned for increasing pump prices.
Recall that panic buying erupted in some parts of the country as some marketers closed shops, leading to large queues in filling stations across the country briefly after President Bola Tinubu’s speech on May 29.
It was also observed that Lagos, Abuja and other parts of the country since 29, some filling stations ceased operations; while those that dispensed petrol increased price.
Suleman while speaking in an interview with Channels Television on Wednesday said there is a penalty for filling stations increasing pump prices, adding that over 100 sanctions have been placed on defaulters.
“We have a task force that goes around all the filling stations in the country and I want to assure you that they are there, working right from yesterday,” he said.
“Any filling station caught increasing the price just because of this announcement, there has to be a penalty against such stations. We sanction those who default. We close the stations. Our task force is there doing its job.
“As of yesterday, more than 100 filling stations have been sanctioned. Some of them, when we go through their reports, are not real petroleum marketers. Real ones cannot go against the rule of their administration”.