Subsidy Withdrawal: Any petrol station caught hoarding products will lose its landed property — Edo govt warns. - NEWS FRONTIER DAILY

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    Tuesday, May 30, 2023

    Home News Subsidy Withdrawal: Any petrol station caught hoarding products will lose its landed property — Edo govt warns.

    Subsidy Withdrawal: Any petrol station caught hoarding products will lose its landed property — Edo govt warns.





    The Edo State Government has warned petrol dealers against hoarding of petroleum products, with a view to creating artificial scarcity & hiking off prices of the products.

    This comes as petrol queues reportedly resurface in filling stations following president Bola Tinubu removal of fuel subsidy on May 29.

    Osaigbovo Iyoha, the Chief of Staff to Governor Godwin Obaseki in a statement warned that any petrol station caught hoarding products would lead to revocation of its landed property.

    “The attention of Edo State Government has been drawn to the unscrupulous attempt by petrol dealers in the state to hoard fuel & create artificial scarcity & price hike.

    To this end, all petrol stations are ordered to immediately resume sales of the products to Edo people or risk immediate closure & possible revocation of their property to enable others who want to do legitimate in Edo State come & invest.
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    NEWSFRONTIER is a product of a dedicated and seasoned Journalist who has cut his teeth in the Media industry. The Publisher was once a teacher, and a public commentator. He was well grounded in community journalism. He had edited many Newspapers both local and international. The focus of NEWSFRONTIER is to inform, educate, entertain and above all be source of credible news source for the opinion moulders and the general public. We are assuring all our readers/audience that we are going to be objective, concise, and be guided by our conscience by looking at every information and data from all angles. Journalism is evolving daily, we will move with time, but not be swayed with tide.