Filling station found selling petrol above the official N86.50 pump price will be sealed for three months, Minister of state for petroleum, Dr Ibe Kachikwu has disclosed.
He revealed this at a meeting with newsmen in Abuja on today.
“With all the effort put in place, it is observed that a lot of filling stations continue to sell at prices above what is stipulated; this is very intolerable.
“It is ripping off innocent Nigerians and they are doing it at a time where there is very zero tolerance for this sort of behaviour.
“So, I am using this opportunity to give last warning to all those who own filling stations and depots to go back to the price approved by Petroleum Products Pricing Regulatory Agency (PPPRA),’’ he said.
He said that licences of those found to have consistently breached the rules and regulations would be withdrawn to ensure discipline in the system.