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    Home»Finance»Business»FG warns fuel stations against tampering with fuel pumps.
    Business

    FG warns fuel stations against tampering with fuel pumps.

    RichieBy RichieSeptember 23, 2023No Comments
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    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced its intention to sanction any fuel stations operators who alters petroleum pumps.

    During an interactive session with the commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in Abuja on Friday, Mr. Farouk Ahmed, Chief Executive of NMDPRA, conveyed this message. Ahmed emphasized that petrol stations found adjusting fuel pumps would be subject to severe penalties.

    These penalties, he clarified, may range from the revocation of operating licenses to temporary suspension or even complete shutdown, depending on the seriousness of the offense.

    Ahmed underscored that the tampering of fuel pumps by filling station operators is a significant concern for both oil regulatory bodies and the Federal Government.

    He elaborated on the regulatory process, mentioning that NMDPRA personnel conduct on-the-spot inspections of some petrol stations. He stated that unsuspecting customers might not realize they have been cheated until they measure the dispensed fuel quantity. Occasionally, physical measurements are taken, where they purchase one litre of fuel and closely examine the dispensing environment to ascertain if the quantity is accurate.

    The head of NMDPRA further stressed the authority’s commitment to collaborate with RMAFC to enhance revenue generation for the federation. He explained that this partnership aims to identify areas where revenue can be increased or costs reduced.

    Ahmed encouraged citizens to explore investment opportunities in the midstream sector of the economy. He offered the example of individuals interested in establishing gas plants, suggesting that they approach NMDPRA for guidelines and policies to facilitate their investments.

    In response, Mr. Bello Shehu, Chairman of RMAFC, highlighted that the engagement between the two organizations aims to strengthen their partnership. He expressed interest in understanding NMDPRA’s activities better so that RMAFC can offer more effective support to enhance revenue generation for Nigeria.

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