Home Sectors OIL & GAS DPR Shuts 5 Petroleum Depots in Calabar Over Price Inflation

DPR Shuts 5 Petroleum Depots in Calabar Over Price Inflation

Five petroleum depots in Calabar have run afoul of the Department of Petroleum Resources (DPR), after the agency shut down the depots for selling Premium Motor Spirit (PMS) above the ex-depot price of N77.66 per litre.

Mr Asuquo Antai, DPR’s Controller of Operations in charge of Cross River and Akwa Ibom, who disclosed this to newsmen in Eket on Sunday, said the depots have been suspended from loading products to marketers for contravening the stipulated price set by the government.

Antai cautioned other depots in Calabar against dispensing the product above the official price or the wrath of the law would catch up with them, and added that marketers were expected to be selling PMS known as petrol at the official pump price of N87 per a litre and that the DPR would sanction and prosecute erring marketers caught selling PMS above approved pump price of N87 per litre.

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