Residents of the Federal Capital Territory, (FCT), have been left stranded and grappling with fuel shortages following the sudden closure of several retail outlets owned by the Nigerian National Petroleum Corporation Limited (NNPCL) within the capital city. It was gathered that the stations closed for some days, were allegedly ordered by the management of the national oil firm and will continue till next week. The closures, attributed to logistical challenges, have led to long queues at the remaining independent fuel stations, who now sell their products at higher prices, thereby…
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FG warns petrol stations operators against adjusting fuel pumps
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), says it will sanction fuel stations operators who alters petroleum pumps at petrol filling stations. NMDPRA Chief Executive, Farouk Ahmed, stated this during an interactive session with commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Friday, in Abuja. Ahmed said that petrol stations caught dispensing fuel with adjusted fuel pumps would face heavy sanction. According to him, the sanctions to be meted out include revocation of operating licenses, suspension from operation or shut down depending on the gravity…
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