The Department of Petroleum Resources has said that it will not hesitate to apply appropriate sanctions on marketers engaged in hoarding of petroleum products.
Director, DPR, Sarki Auwalu, gave the warning in a statement on Tuesday in Lagos.
Auwalu said the warning was necessitated by the emergence of queues in retail outlets in some states of the federation.
He explained that on the Kubwa expressway, many petrol stations such as Gegu Oil, AA Rano, Shema and NNPC had long queues with people selling fuel outside the stations.
However, Auwalu maintained that from available records, there was 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.
“The regulatory agency has set up a special task force to intensify surveillance and monitoring of all retail outlets and depots nationwide to check the anomaly,” he warned.
He, therefore, advised the general public against panic-buying.
Auwalu assured them that the DPR would continue to focus on quality, quantity, integrity and safety for the effective operations of the downstream sector.