Expect To Pay N195 Per Litre For Petrol - Oil Marketers Tell Nigerians

By Mod2   1 week ago   82
Politics - Top Stories

13177543_petrole1540377561386_webp014ef9d74ca955bdda75a0f627fd774d

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.

They lamented what they described as “inconsistencies” on the part of the Federal Government, Nigerian National Petroleum Corporation and its subsidiary, the Pipeline and Products Marketing Company (PPMC) on deregulation policy.

NNPC had closing week dominated out instantaneous charge upward push till a scheduled meeting between the Federal Government and labour unions on the quit of the month.

But IPMAN members have revealed that petrol may additionally sell between N190 and N195 soon.

They stated notwithstanding NNPC guarantee of product availability, unbiased marketers could not get admission to the product from NNPC depots forcing them to depend upon impartial depot proprietors for elements.

Speaking to journalists after a assembly in Abuja on the weekend, Chief Executive Officer of Kankada Oil and Gas Nigeria Limited, Danasabe Kakanda, accused the authorities of giving the private depot proprietors part over impartial marketers.

He defined that independent entrepreneurs had been constantly left at the mercies of personal depot proprietors from whom they rely on components even though additionally they own filling stations and compete with the entrepreneurs.

He stated: “With the inconsistencies of government, Nigerians ought to expect the rate of gasoline to be between N190 to N195”.

Also talking, Chief Executive Officer of Foste Nigeria Limited, Chief Austin Erhabor, urged the Minister of Petroleum Resources, Chief Timipre Sylva through NNPC to pop out clear to provide an explanation for to Nigerians whether or not they have got deregulated the petroleum supply chain or not.

“It is time for them to separate politics from economics. Our enterprise is demise. How are you able to be talking about deregulation and you're citing legitimate pump price”, he queried.

Erhabor exonerated petroleum marketers within the ongoing uncertainty in the supply chain, announcing the arena is tormented by confusing government rules.

“These personal depot owners had been not purported to very own filling stations. They have been presupposed to be within the middle between NNPC and the independent entrepreneurs. Is it fair for any person that I am shopping for from, my competitor, I buy from you, you come back and build station near me, and you're the one that is presenting me, how can I sell? Because in case you want me to die off the enterprise, all you want to do is to supply to the level you are selling to me to your depots”, he introduced.

The Foste Nigeria Limited boss accused personal depot proprietors of systematically edging the independent marketers out of enterprise by means of

hoarding petroleum products to make certain that handiest their filling stations are loaded first.

“As we communicate maximum of us have paid money to these depots with out getting the product. And before your eyes, they are loading up their own vans. These personal depots are recognized”, he said.

On his part, former National Publicity Secretary of IPMAN, Dr Emma Ihedigbo, additionally stated the oil marketers are no longer satisfied about what authorities agencies are doing with the petrol supply chain.

“What we are announcing in effect is that we're crying out that, PPMC want to strangulate IPMAN participants and all the businessmen dealing in petroleum merchandise and we're not glad about it. And if not anything is completed, we are able to come out and tell the sector what is going on”, he said.

13177565_fuelprice_jpeg6276a2c98884731a41b95a1f984852a4

[NewsNaira]


Share this article!


Login to comment and earn


Abubakarsadik
1 week ago

Gfddffgfdddss


(Quote) (Likes)

This country No balance at all 


(Quote) (Likes)

Just have mercy on the masses


(Quote) (Likes)
Emmanuel
1 week ago

Fule nice one


(Quote) (Likes)

This is  corruption 


(Quote) (Likes)
Agbo Peter
1 week ago

This is too much


(Quote) (Likes: 1)
Agbo Peter
1 week ago

You have to reduce it


(Quote) (Likes: 2)
Agbo Peter
1 week ago

Not all can afford it


(Quote) (Likes: 2)
Agbo Peter
1 week ago

Let's speak out


(Quote) (Likes: 2)
Agbo Peter
1 week ago

They are cheating us


(Quote) (Likes: 2)

why na hjsisjssiskkol


(Quote) (Likes)
Favour Brennan
1 week ago

Why nah???????


(Quote) (Likes: 1)
Favour Brennan
1 week ago

Unconcluded🙅🙅🙅🙅🙅🙅


(Quote) (Likes: 1)
Favour Brennan
1 week ago

Unconcluded🙅🙅🙅🙅🙅


(Quote) (Likes: 1)
Favour Brennan
1 week ago

Unconcluded🙅🙅🙅🙅


(Quote) (Likes: 1)