As fuel queues lenghten in petrol stations around Nigeria, it has become quite clear that the familiar inconvenience of fuel scarcity is not a thing of the past.
With many stations closed and black market operators selling fuel for as much as N200 per litre, most Nigerians are groaning under the strain.
The Nigerian National Petroleum Corporation (NNPC) has ordered the Department Of Petroleum Resources (DPR) to sanction fuel stations found to be hoarding petrol.
In a press statement issued by the NNPC, Dr. Ibe Kachikwu, the NNPC GMD also ordered the DPR to sell off products free of charge wherever it finds stations hoarding.
The GMD is holding a meeting with oil marketers in Abuja today in a bid to “take charge of the situation”.
He also disclosed that there is no impending plan to reduce the price of petrol even as the President awaits legislative approval for the N413 billion payment owed to oil marketers.