The Edo State Government has warned petrol dealers against hoarding of petroleum products, with a view to creating artificial scarcity and hiking off prices of the products.
This comes as petrol queues reportedly resurface in filling stations following president Bola Tinubu removal of fuel subsidy on Monday, May 29.
Osaigbovo Iyoha, the Chief of Staff to Governor Godwin Obaseki, in a statement warned that any petrol station caught hoarding products would lead to revocation of its landed property.
“The attention of Edo State Government has been drawn to the unscrupulous attempt by petrol dealers in the state to hoard fuel and create artificial scarcity and price hike.
As a responsible government that cares for her citizens, we shall resist this economic sabotage by every legal means possible.
To this end, all petrol stations are ordered to immediately resume sales of the products to Edo people or risk immediate closure, and possible revocation of their property to enable others who want to do legitimate and respectful business in Edo State come and invest,” the statement said.
It added that the government cannot continue to allow extortion of Edo people in whatever guise, warning that “a word is enough for the wise.”
