The Department of Petroleum Resources (DPR), Oyo and Osun field office, has sealed 50 petrol stations in Ibadan and environs for hoarding and selling petrol above the approved N87.

A station belonging to a former senator from Oke Ogun was among those closed.

Many petroleum marketers have been cashing in on the scarcity by selling fuel at exorbitant prices.

The official price is N87 per litre.

Some of the sealed stations in Ogbomoso are TDB global Venture Limited; Modern Options; Isale General; Ballah Plus; Sabo; Rubbie oil; Musalat Integrated Resources Nigeria Limited and Saajad Resourses Nigeria Limited.

The few marketers selling at government approved prices  were supported in ensuring orderliness and promptness by DPR officials.

Those closed in Ibadan are Prolek Molete for selling at N130 per litre and not willing to reverse sales; Alleluyah Oil, Idi-Arere, owned by a former senator, for selling at N140 per litre and Oando, Oritamefa, for hoarding the product.

Credit: Nation