The Warning from Osun Taskforce to Petrol Marketers about Hoarding
Petrol stations owners in Osun State have been cautioned by the Osun State Government Taskforce on Petroleum Price Monitoring against hoarding petroleum products in order to create an artificial scarcity. The Chairman of the taskforce and the Chief of Staff to the State Governor, Kazeem Akinleye, issued this warning in Osogbo on Sunday.
This warning comes in response to increasing reports of a rise in the pump price of Premium Motor Spirit (PMS), also known as petrol, and the resurgence of long queues at filling stations in certain parts of the country. In some locations, the pump price of PMS has soared to between N700 to N750 per litre.
Akinleye pointed out that the taskforce's surveillance has uncovered that most filling stations have been hoarding petrol, thereby exacerbating th...