Many filling stations across the country on Friday shunned the Federal Government’s directive on the new pump price for petrol as they continued to sell the product at either the old regulated price of N87 per litre or above it.

The Petroleum Product Pricing Regulatory Agency 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.

While majority of the filling stations around Ojodu in Lagos State were not selling fuel, the Conoil located around Toll Gate on the Lagos – Ibadan Expressway was selling petrol for N87 per litre, with a relatively long queue.

Also, at an NNPC mega station in Ikeja, Lagos State, petrol was sold for N87 despite the Federal Government’s directive.

An official of the station, who spoke on condition of anonymity, said he was awaiting a new directive from the President in 2016 before selling at the stipulated N86 per litre.

He said, “We are still selling at N87 here. I have not heard anything from the President this year, asking, “Have you heard from him?”

In major cities in Ogun State, one of our correspondents observed that many filling stations were selling a litre of petrol for between N100 and N130.

In Abeokuta, the state capital, major marketers like Conoil, Total and Forte were not opened to customers because they claimed that they did not have stock. But an NNPC mega station on Abiola Way in the state capital sold petrol for N86 per litre.

But other independent marketers who were dispensing the product sold to motorists and other buyers at between N100 and N130 per litre.

At Ebenfem filling station at Ita Eko, Abeokuta, motorists bought petrol for N120 per litre.

The same scenario obtained at Supreme Petrol Station just after the Mechanic Village along Abeokuta-Lagos Expressway as a litre of petrol was sold at N110.

In Sango-Ota axis, independent marketers dispensed a litre of petrol for between N100 and N130. At NNPC franchise filling stations at Oju Ore and Koro Otun respectively, they dispensed a litre of petrol for N100 and N120 respectively.

At EMIMP filling station and Oando filling station along Sango-Idiroko Road, they sold a litre for N100 and N130 respectively.

However, MRS filling stations in Abeokuta and Sagamu still sold the product for N87 per litre.

In Osun State, marketers have yet to comply with the directive. In Osogbo, the state capital, one of our correspondents observed that petrol was not available for sale in most filling stations in the city as some fuel attendants said they could not adjust to the new price because they bought at higher price from the private depots.

A former Treasurer, Independent Petroleum Marketers Association of Nigeria, Western Zone, Mr. Shina Amoo, when contacted by one of our correspondents, said independent marketers could not comply with the directive on petrol price because they bought far higher than the approved price.

He said, “I bought at N102 per litre yesterday (Thursday) and later I bought at N94.5 per litre. So you don’t expect anybody who bought at those prices to sell a litre for N86, it is not possible.

“The price will continue to come down as the supply increases. The government will not need to force anybody to reduce the price; the forces of demand and supply will determine the price.”

For more, see link below:

http://www.punchng.com/marketers-defy-buhari-sell-petrol-above-n86-5/

I hope local production continues regularly as this would go a long way to aid.

hmmmm

The technical intricacies of petroluem regulation can be complicated, but all Nigerians need is energy security - the availability of fuel in sufficient quantity at affordable prices.

Set of thief, they just enjoy making life difficult for the mercies.

Ok

Where is lalasticlala?

In Edo State, precisely Benin City the filling stations sales 130 per litre. There are some stations that bear the name NNPC mega station, there metre will display 87 per litre. But they fill 10 litre gallon with 15 litre worth of fuel. Meaning they have tempered with there metre. The only station selling normal price of 87 per litre with normal metre measurement is the NNPC mega at Sapele road close the police headquarter.

Na today

This is no news.....I knew all along that this will happen. State of lawlessness.

IN THIS ERA OF CHANGE? I PITY THEM

This is what happens when your country is depending on some bunch of unpatroitic capitalist!.....AWATITING DIVERSIFICATION......

tomakint:
This is no news.....I knew all along that this will happen. State of lawlessness.

Lawlessness at its peak....Never experienced this before!

INTROVERT:
I hope local production continues regularly as this would go a long way to aid.

Even local production cannot ameliorate the situation. Nigeria's four refineries when fully revamped can only produce 10million litres of PMS per day and with daily local consumption currently standing at 40million we're left with a shortfall of 30million litres which can only be augmented through importation.
Instead of wasting money on unsustainable welfare projects, building new refineries should have been the major priority for this govt. By the time NNPC exhausts its current stock, the nation may be thrown into another round of fuel hike.

May be is old stuck

Nigeria is cursed in all aspects. How can fuel be scarce and expensive here when the reverse is the case worldwide.

It is hypocritical that the sophisticated illiterates who occupied Ojota in 2012 have gone cold and quiet in demanding accountability