The Director of Department of Petroleum Resources (DPR), Mr Mordecai Ladan has warned depots and filling stations owners against products diversion, hoarding, pump manipulation and selling above government approved prices.
Mr Ladan gave the warning in Abuja against the backdrop of the resurgence of fuel scarcity in some parts of the country.
States including Kano, Bauchi, Katsina, Jos, Benue, Adamawa have experienced shortage of petrol in the last one week for unknown reasons.
But the Director warned that marketers caught diverting or hoarding the products for profiteering shall be sanctioned with a fine of N2 million and have their operating license revoked and prosecuted for national economic sabotage.
A statement by Mohammed Saidu, spokesman DPR Abuja Zonal Office, quoted Mr. Ladan as saying that any petroleum products marketer found to be under-dispensing or selling products above government regulated prices shall be suspended for a minimum of two months.
Mr Ladan also disclosed that DPR is collaborating with Petroleum Equilisation Fund (PEF) and PPPRA to ensure that defaulters are sanctioned accordingly.
Meanwhile, all DPR Offices nationwide have been directed to step up their monitoring activity and ensure full compliance by marketers.