The Department of Petroleum Resources (DPR), on Tuesday, threatened sanctions against marketers hoarding petroleum products in their outlets.
Director, DPR, Mr Sarki Auwalu, gave the warning in a statement obtained by Tribune Online, in Abuja.
Auwalu said the warning was necessitated by the emergence of queues in retail outlets in some states of the federation.
As of Monday, the queues which started on Saturday in the Federal Capital Territory (FCT) had escalated.
Commuters were stranded at most bus stops as motorists charged double for transportation fares.
But Auwalu maintained that from available records, there is product sufficiency in the country and there was no need for hoarding by any marketer.
“The DPR will not hesitate to apply appropriate sanctions on any outlet found wanting in this regard,” he warned.
He stressed that a special task force has been set up to intensify surveillance and monitoring of all retail outlets and depots nationwide to check the anomaly.
Similarly, he advised the Nigerians against panic buying while assuring them that the DPR would continue to provide its regulatory focus of quality, quantity, integrity and safety for the effective operations of the downstream sector.
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