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Petrol still sell for 120 Naira despite government directive

Ahmed , PPPRA

Petrol stations around the country are still selling fuel products between 110 and 130 Naira in spite of government directives to the contrary. 

Elombah.com reported that the Petroleum Product Pricing Regulatory Agency had on Tuesday announced that retail filling stations belonging to the Nigerian National Petroleum Corporation would from Friday, January 1, 2016, sell petrol at N86 per litre, while other oil marketers would sell the product at N86.5 per litre.

However, our investigations reveal that petrol sells for 130 Naira in the South east, 120 Naira in the North East, and 110 Naira in the South West regions of the country.

This is despite that the Department of Petroleum Resources (DPR) warning it will forcefully sell marketer’s petrol free of charge to buyers if it gets hold of any filling station where the commodity is being sold above the official pump price of N86.50.

Dorothy Bassey, the agency’s assistant director of public affairs, disclosed this to in Lagos on Friday.

“We have put effective monitoring teams in place that will go out to monitor the level of compliance with the new pump price,” she said.

“We will ensure that any station caught selling above the pump prices will have its product dispensed to customers for free.

“You know that there is holiday today, monitoring is going round, but we are going to commence on rigorous monitoring when we resume on Monday. People just refused to change to what will be beneficial to all, but we were assured that it will not be the same story next week.”

In Abuja, PPPRA has vowed to sanction any filling station found flouting government’s directive. 

The Assistant General Manager/Head of Operations, PPPRA, Mr. Victor Shidok, threatened that the agency would withdraw licences of defaulters. 

He said the monitoring, which was simultaneously going on across the country, was done in conjunction with the DPR to ensure that Nigerians were not shortchanged.

Shidok stated that there was 100 per cent compliance as at press time in the city centre, but noted the team had yet to reach the outskirts where he feared that there might be challenges with regard to total compliance. 

He said, “The challenge may likely be in the outskirts. All those we have visited say they have received directive from their head offices. We are in touch with the leadership of oil marketers in the country. This is a nationwide exercise.

Chinedu Okoronkwo, national president of Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that marketers were selling their old stock.

Okoronkwo said that market forces would compel everybody to comply.

“People should see the policy as a policy that will unlock the sector,” he said.

“I’m sure they will change to the new price once they finish selling the old stock and work with the new regime of Muhammadu Buhari and begin to move the sector forward.”

Following the federal government’s announcement of new pump price, marketers have partially complied to the directives, as petrol had since been selling at NNPC retail stations at N86 per litre, while most major marketers were selling at N86.50.

NNPC retail stations at Ogunnusi area of Omole in Lagos State sold at N86 per litre, while Conoil station at Oba Adejobi street, opposite LASUTH, Ikeja, sold at N86.50 per litre.

Some marketers were, however, selling at N87 per liter and they explained that they were selling the old stock and that until the old stock was exhausted, they could not change to new pump price.

Filling stations, including Oando situated at Pako bus stop, along Lagos-Abeokuta Expressway; Conoil at Ikeja near Murtala Muhammed Domestic Airport and Mobil filling station at Obafemi Awolowo way, Ikeja, were selling at N87 per litre.

Shidok, who led a team from the PPPRA to monitor the level of compliance with government directive in Abuja, warned that the government would not tolerate any deviation from the new directive.

The PPPRA Executive Secretary, Mr. Farouk Ahmed, had stated that the reduction in the price of the commodity was due to an implementation of the revised components of the petroleum products pricing template for PMS and House Hold Kerosene.

ABOVE PHOTO: Executive Secretary, PPPRA, Mr. Farouk Ahmed

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