Osun Warns Fuel Marketers Against Hoarding, Price Hike

As queues resurfaced in petrol stations, Osun State Taskforce on PetroleumPrice Mmonitoring has warned marketers against hoarding the products to create artificial scarcity.

The chairman of the taskforce, Hon Kazeem Akinleye, in a statement made available to journalists, said the taskforce surveillance across the state, revealed that most filling stations were hoarding the product, thereby worsening the supply situation in the state.

Meanwhile, except for NNPC filling stations that sells at N580 per litre, others sell the product for between N640 and N750 per litre.

The chairman posited that surveillance activities were conducted in major towns and the state capital in the last three days and it revealed hoarding of fuel to create artificial scarcity.

The taskforce consequently warned the affected filling stations which have been listed as direct culprits to open up their outlets and dispense fuel to the members of the public.

The statement challenged the marketers to be public spirited in the pricing of petroleum products and reminded them of the already harsh economic situation on the members of the public.

It threatened severe sanctions on the perpetrators of hoarding and arbitrary hike in the prices of the essential commodity in the state.