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Nairaland Forum / Nairaland / General / Business / DPR Suspends Import Permit Of Capital Oil, Others - (461 Views)
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DPR Suspends Import Permit Of Capital Oil, Others - by ezebunafo(m): 7:21am On Dec 12, 2015 |
DPR suspends import permit of Capital Oil, others - Other companies whose permit were suspended are Samon Petroleum, Fynefield Petroleum in Calabar and Stallionaire Petroleum in Lagos The Department of Petroleum Resources has suspended fuel import permit of Capital Oil, Sahara Petroleum and Folawiyo Petroleum for three months for alleged profiteering. This was contained in a statement issued by Abimbola Ogan, the DPR spokesperson, on Friday in Lagos. Other companies whose permit were suspended are Samon Petroleum, Fynefield Petroleum in Calabar and Stallionaire Petroleum in Lagos. The regulatory body alleged that the companies sold fuel above the government regulated price of N77.66k at the depot. The DPR also slammed N10 million fine on each of the companies and directed the Petroleum Product Pricing Regulatory Agency to revoke the companies’ allocations. The DPR said it had put in place all necessary machineries to curb all incidents of profiteering, hoarding and other unwholesome practices by operators. “The public is hereby advised to shun panic buying and report any noticeable infraction to the DPR office nearest to them,” the statement said. Profiteering: DPR suspends import permit of Capital Oil, others - http://theeagleonline.com.ng/profiteering-dpr-suspends-import-permit-of-capital-oil-others/ |
Re: DPR Suspends Import Permit Of Capital Oil, Others - by madridguy(m): 7:23am On Dec 12, 2015 |
Good decision by DPR. |
Re: DPR Suspends Import Permit Of Capital Oil, Others - by Nobody: 7:25am On Dec 12, 2015 |
Good. Sell at the government approved N78 or be shut down. No time for nonsense. |
Re: DPR Suspends Import Permit Of Capital Oil, Others - by Elslim: 7:32am On Dec 12, 2015 |
Slowly but Surely |
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