The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday, sealed 14 fuel stations for selling above stipulated pump price in Kano.
The NMDPRA State Coordinator, Mr Aliyu Muhammad-Sama, disclosed that the fuel stations were sealed following breach of surveillance for confirmation discharge and, price regulations by the stations.
According to him,the fuel stations were shutdown for selling fuel at between N295 and N300 per litre, which was above the stipulated pump price of N250 to N280 per litre.
“We have strict regulatory to punish the offenders which include revoking their licence of operation, sanction them on payment of penalty and invalidation of transaction.
“For now the sealed fuel stations will be sanctioned to pay the sum of N150,000 per pump nozle so long as they are willing to revert to prices that are convinient for the public”.
Muhammad-Sama however explained that major marketers that were depot owners were selling fuel at N185 per litre.
Meanwhile, he also disclosed that the authority also sealed more 120 fuel stations in Kano in Dec. 2022.
“For any station that refuse to discharge or sell above stipulated price we will validate their equalisation transaction.
“Invalidation is the authority that pays equalisation payment of N45 per litre for the fuel they transport from Lagos or Porthacourt” Muhammad-Sama.
Justice Watch news reports that the sealed fuel stations included Azman oil and gas Maiduguri road, Red Star, Allah na Nan Zaria Road, A Y Maikifi Western bypass, SID Zaria Road, Alaj Petroleum Co.Ltd and Danlami petroleum.
Others include two Audu Manager and sons Limited,Rimi Holdings Nigeria Limited, Rabash Enterprises Nig.Ltd, IDM Makole Nig Ltd, Alhaji Ahmadu Ila and Sons and Haab investment limited.
