Edo Govt, Oil Marketers Warn Residents Against Panic Buying Of Fuel

In the wake of rumoured shortage of petroleum products in the state, the Edo State Government has warned residents in the state not to engage in panic buying as adequate arrangements have been made to ensure ample supply of the products, especially during the Easter break.

The State Commissioner for Minerals, Oil and Gas, Joseph Ugheoke, gave the warning at the weekend after a meeting with executives of the state Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Major Oil Marketers Association of Nigeria (MOMAN) in Benin.

Mr Ugheoke stated that residents should disregard rumours of impending fuel scarcity, assuring them of non disruption in the supply and distribution of petroleum products in the state.

 

He explained that the state government was working in collaboration with major stakeholders in the fuel distribution chain to sustain the present availability of products.

On the outcome of the meeting with the oil dealers, he said marketers had resolved to continue to dispense petrol at the approved pump price and without instigating artificial scarcity through hoarding.

On their parts, Vice Chairman of the Edo State IPMAN, Abdulhamid Baba Saliu and the Chairman, Major Oil Marketers and Dealers, Tony Aghedo, assured residents of the availability of petroleum products for consumers, saying that there was no cause for alarm.

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