Petrol marketers unveil new pump price, ₦195, inform Nigerians to ‘be prepared’

Obinwannem News Petrol marketers unveil new pump price, ₦195, inform Nigerians to 'be prepared'

Independent petroleum marketers have admonished Nigerians to be prepared for a higher price of petrol, at ₦195 per litre.

The marketers lamented that the expected increase was due to “inconsistency” on the part of federal government; Nigerian National Petroleum corporation (NNPC), and its subsidiary, the Pipeline and Products Marketing Company (PPMC) on deregulation policy.

Last week, NNPC ruled out immediate price rise until a scheduled meeting between the federal government and Labour Unions at the end of the month.

Although, IPMAN members have revealed that petrol price may between ₦190 and ₦195 soon.

They complained lack of accessing product from NNPC depots, despite NNPC assurance of product availability; then forcing them to rely on independent depot owners for supplies.

Speaking to journalists, after a meeting in Abuja at the weekend, Chief Executive Officer of Kakanda oil and gas Nigeria limited, Dansabe Kakanda, accused the government of giving private deport owners, edge over independent marketers.

He explained that independent marketers were always left at the mercies of the private depot owners from whom they depend on supplies; even though they also own fuel stations and compete with marketers.

He said , “With inconsistencies of the government, Nigerians should expect price of fuel to be between 190 and 195”.

Chief executive officer of Foste Nigeria Limited, Austin Erhabor urged the Minister of Petroleum Resources, Chief Timipre Sylva, through NNPC, to openly explain to Nigerians if deregulation of petroleum supply chain has been done or not.

“It is time for them to separate politics from economics. Our business is dying how can you be talking about deregulation and you are not mentoring official pump price?” he queried.

While exonorating petroleum marketers, he noted that petroleum marketers have suffered from government policies, and advised that private depot owners are not supposed to own fuel station. They should be in between the NNPC and the independent marketers.

Foste CEO Erhabor accused private deport owners of ending the independent marketers out of business by hoarding petroleum products to ensure that only their fuel stations are loaded first.

“As we speak most of us have paid money to these depots, without getting the product, and before our eyes, they are loading up their own trucks,” Erhabor lamented.

Lolo Ijeoma Njoku reporting, Obinwannem News

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