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Yuletide: DPR warns against panic buying, hoarding of petroleum products

By NAN
17 December 2020   |   3:37 pm
The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned residents of the state against panic buying, hoarding and storing of petroleum products at home during the Yuletide period.

An employee stands next to a fuel pump at a fuel station. PHOTO: REUTERS/ADNAN ABIDI

The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned residents of the state against panic buying, hoarding and storing of petroleum products at home during the Yuletide period.

Mr Benjamin Ogunnubi, the DPR Operations Controller in Osun, gave the warning in an interview with the News Agency Nigeria (NAN) on Thursday in Osogbo.

Ogunnubi said there was no cause for panic buying, as the Federal Government had made adequate provision for the availability of the products during the Yuletide and beyond.

The controller warned that storing of petroleum products at home could cause a fire outbreak.

He said people needed to be very careful with how they handle petroleum products in the harmattan period.

Ogunnubi also warned independent marketers against hoarding of the products to create artificial scarcity.

He said the surveillance team of the department would be all out during the festive season to ensure the free flow of the products in filling stations in the state.

“The department is pleading with people to shun panic buying and storage of petroleum products in their houses.

“We are in the harmattan period, and storing of petroleum product at home can result in a fire outbreak, which can lead to the destruction of lives and property.

“We have to be wise, there’s no reason for panic buying or hoarding of the product because we have enough of it in stock,” Ogunnubi said.

The controller also appealed to consumers to report sharp practices, such as under-dispensing, to the department for appropriate action.

Ogunnubi appealed to petroleum marketers to always adhere strictly to standard safety practices in their filling stations.

He warned that any marketer that violates the standard procedure would be dealt with according to the law.

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