The Nigeria Midstream Downstream Petroleum Regulatory Agency (NMDPRA) has warned independent marketers of premium motor spirit, popularly known as petrol, against hoarding.
The Kogi State Coordinator of NMDPRA, Engr. Ogbe Orits Godwin, gave the warning in Lokoja on Wednesday during an interview with newsmen in his office.
He threatened to shut down filing stations found hoarding petrol in Kogi state.
Engr. Ogbe said the petroleum regulatory agency was aware of the alleged dubious activities of some marketers in the state who were reported to be hoarding fuel in order to sell to black marketers in the night at an exorbitant price.
He said any marketer caught in unwholesome practice will be sanctioned in accordance with the laws of the land.
Ogbe urged motorists to desist from panic buying.