Nigeria's DPR to Begin Marketers' License Renewals in October
The Department of Petroleum Resources has said the normal process of renewal of oil marketers licenses will take off from October, 2013 to February 28, 2014 for the 2014/2015 licensing period.
The Operations Controller, DPR, Lagos Zone, Mr. Olugbenga Kuku, who said this in a statement on Wednesday advised marketers to prepare to submit their applications to renew their licences during the licensing exercise.
Kuku said, “We are advising retail outlets to submit all applications for renewal promptly so as to facilitate the early issuance of licences. Marketers who fail to renew their licences by February 28, 2014 may have their operations suspended.”
Kuku also said the DPR would introduce more stringent penalties that will involve the revocation of licences of the marketers found engaging in malpractice in the petroleum product distribution network.
He said, “We observed during our routine inspections of retail outlets in the year that some marketers had yet to fully conform to some of government’s directives. Some operators still operate with sub-standard price bill boards, even some choose to totally ignore the directive,” he added.