The federal government is set to prosecute any marketer that sells petrol above the recommended N145per litre.
Minister of state for petroleum resources, Dr. Ibe Kachikwu, stated this yesterday while Speaking during a meeting of the committee set up by government to resolve grey areas in the supply of petrol.
Kachikwu denied report credited to him that marketers could be allowed to sell petrol above the prevailing N145 per litre.
He said: “we are actually looking at those who have breached this process to see what we can do to penalise them and set stiff penalties for those who sell above N145 per litre.
“Going forward, there will be very massive enforcement, firm position and firm tracking of product within the country. Nobody deserves this up and down, in terms of product supply. “So, I want to make it very clear that there is no discussion on price increase issue. The price of petrol is N145 per litre and remains there. Nothing has changed and there is no mandate to increase that.”
