The Petroleum Products Pricing Regulatory Agency (PPPRA) has cautioned filling stations against selling petrol above N125 per litre.
The pump price of petrol was slashed on Wednesday by the Federal Government from N145/litre to N125/litre due to the coronavirus.
Executive Secretary of the Agency, Saidu Abdulkadir, while speaking after he led a team of PPPRA to monitor filling stations in Abuja on Thursday, explained that though the Agency did not seal off erring stations as at Thursday, action would be taken against such stations from Friday.
Abdulkadir also disclosed that the PPPRA would meet marketers and other relevant stakeholders to ensure that the new price is implemented by retail outlets nationwide.
“We are currently discussing this with marketers. We are having a meeting with every stakeholder in this regard. This will be sorted out pretty soon. We are meeting with Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) with NNPC,” he said.