Approved PMS price: Edo Govt. vows to ensure compliance, commences monitoring March 11

The Edo State Government has warned marketers of Premium Motor Spirit (PMS), who sell above the approved pump price of N145 per liter, that its team will commence monitoring on March 11 for enforcement exercise.

Commissioner, Ministry of Minerals, Oil and Gas, Hon. Joseph Ugheoke, in a statement, said that relevant law enforcement agencies have been put on notice and will join the ministry’s team which will enforce the directive and seal erring stations from March 11.

According to him, “The state government will not tolerate the dispensing of PMS above the N145 per liter approved price for independent marketers. The team of monitors will commence monitoring to ensure compliance from Monday, March 11, 2018.”

He said, “Marketers, who fail to comply with the directive will have their stations sealed and fully prosecuted according to law. The steps of the state government became necessary to prevent the practice where some independent marketers cash in on the cut in supply of PMS to the state to hike the price of the product.”

Ugheoke noted that supply of PMS to independent marketers across Edo State has since increased to tackle the scarcity of the product, noting, “In view of the increase in supply of PMS to marketers, the state government cannot tolerate marketers who sell the product above the approved pump price, after so much has been done to ensure steady supply of PMS to marketers in the state.”

“Marketers of PMS are therefore enjoined, henceforth, to ensure they dispense PMS at N145 per liter. Relevant security agencies and stakeholders in the oil and gas sector are expected to comply with the notice as marketers found to be acting contrary to the directive will be treated as economic saboteurs,” he added