Oil marketers on Sunday Emphasised that the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
Marketers said the products should be dispensed at the regulated rate of N148/litre to help address the scarcity of Premium Motor Spirit, also called petrol, in some states, instead of leaving them trapped despite the fuel crisis across the country.
But the NMDPRA argued that it did its calculation to ensure that the effect of the shut depots did not significantly impact the affected zones, as it revealed would now check the tanks of filling stations and other depots in order to halt the hoarding of petrol.
On Saturday, the Federal Government announced that it had shut down the operations of seven depots in various locations in Nigeria for dispensing petrol at outrageous prices to retail outlets.
