The sale of fuel above the approved pump price has been condemned by the Federal Government of Nigeria Fuel station owners have been warned against selling petrol to motorists and users above N165 per litre.
The call was made by the chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed on Monday, June 27.
The Nigerian government has threatened to penalise any filling station or petrol depots found selling fuel above the approved pump price of N165 per litre.
The Cable reports that the resurgence of fuel queues in various cities across Nigeria including Abuja and Lagos has continued to be a challenge as marketers are finding it difficult to meet the demands of motorists.
The federal government has said that sanctions would be taken against any filling station found selling fuel above N165 per litre Olukayode Jaiyeola/NurPhoto.
However, oil marketers have earlier called for an increase in fuel pump price to N180 per litre to enable them to meet the demands of the people across states.
However, in a swift reaction to the call by the marketers, the Federal Government through the chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed said no station must sell PMS above N165 per litre.
Speaking at a joint inspection of fuel stations located in the Federal Capital Territory, Ahmed confirmed that the team were moving around to enforce the regulation that fuel cannot be sold at a price above the official rate.