The Department of Petroleum Resources (DPR) said it has sealed three fuel stations in Ogbomoso area of Oyo State for hoarding Premium Motor Spirit (PMS), also known as petrol.
The Operation Controller of DPR, Ibadan Field Office, Mr. Oluyemi Olaonipekun, disclosed this on Monday during an interview with journalists in Ibadan.
He explained that the fuel stations were sealed in Ogbomoso East when operatives of the DPR who were sent to the field discovered that the three stations had a supply of petrol, which they refused to dispense.
Olaonipekun stated that the personnel of DPR was deployed to every part of the state as a result of artificial scarcity and panic buying of petrol experienced in Ibadan, and other parts of the state last weekend
The sealing carried out last week Thursday, according to him, sent signals to marketers of the product not to joke with DPR by hoarding the commodity.
Olaonipekun, who described as false, the speculation that the Federal Government intends to increase the pump price of petrol, enjoined Nigerians not to believe the news about fuel scarcity.
He further appealed to Nigerians to desist from panic buying of petrol, as he also cautioned petroleum marketers to stop hoarding products.
Olaonipekun, however, warned that DPR would not hesitate to sanction any fuel station that hoards the product, under dispenses or sells above the approved pump price.