Ekiti State Government has cautioned petroleum marketers in the state against hoarding and selling Premium Motor Spirits (PMS) above the approved pump price.
A statement from the office of the state Commissioner for Information and Civic Orientation, Mr Tayo Ekundayo noted that available information at government’s disposal indicated that there has been a considerable improvement in the supply of Premium Motor Spirits (PMS) to the state, stressing that the marketers should therefore revert to the official pump price of N97.00 per litre to curb the untold hardship that the excessive pricing is bringing on the people.
The Commissioner expressed fear that continuous selling of petrol at cut-throat prices by the marketers could have an adverse effect on the state’s fledging economy.
He however assured people in the state that the state Petroleum Products Consumers Protection Agency was on top of the situation, adding that movement of petroleum products between the fuel depots and the state was being properly monitored to forestall diversion and other sharp practices.
Ekundayo therefore advised motorists and other vehicle owners in the state not to engage in panic buying as supply of fuel would soon normalize.
He also warned against improper storage of petroleum products in residential and business premises in order to avert fire disasters