The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the federal government would henceforth sanction petroleum depot owners and oil marketers who contravene the provisions of the Weights and Measures Act 2004.
Adebayo issued the warning, in Lagos, during a meeting with petroleum products marketers under the aegis of Major Oil Marketers Association of Nigeria and the Petroleum Product Depot Owners Association.
Adebayo, represented by a Director at the Department of Weights and Measures, Ministry of Industry, Trade and Investment, Hassan Ejibunu, said the department was very critical to the operations of the oil and gas sector.
He said it was the department’s responsibility to ensure that the instruments used for trade, oil and non-oil, are fit for use for trade transactions.
According to him, this was with the ultimate aim of preventing the short changing of both the sellers and the buyers, by ensuring transparency, equity and fairness.
