DPR to shut stations hiking petrol price in Bayelsa

The Department of Petroleum Resources (DPR) in Bayelsa State has vowed to sanction marketers selling the Premium Motor Spirit (PMS) above 145 per litre.

It was irked by the sudden hike in the price of PMS (petrol) to N160 per litre and above in Yenagoa.

Arising from a meeting with petrol marketers in the state, yesterday, DPR’s Head of Operations, Ibinabo Jack, warned that the abrupt increase in price was not justifiable.

Bayelsans woke up last week to the increase in the pump price of petrol to N160 per litre in most filling stations in the state, prompting outcry from motorists and residents.

DPR urged the marketers to immediately revert to the original price of N145 or be sanctioned.

Jack said, “I personally went round and discovered that all the filling stations were selling above the pump price. They were selling at the rate of N160 for PMS. We frown at that and condemn it.”