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 shut down 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 regulations to punish the offenders which include revoking their licence of operation, sanctioning them or 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 nozzle so long as they are willing to revert to prices that are convenient 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 120 more fuel stations in Kano in December 2022.
“For any station that refuses to discharge or sells above stipulated price we will invalidate their equalisation transaction.
“Invalidation is the authority that pays equalisation payment of N45 per litre for the fuel they transport from Lagos or Port Harcourt” Muhammad-Sama said.
The News Agency of Nigeria (NAN), 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.
