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Petrol Price Hits N160/litre At Depots - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Petrol Price Hits N160/litre At Depots (17845 Views)

FG May Increase Petrol Price To N180 Per Litre / NUPENG Confirms Massive Loading Of Petrol At Depots / IPMAN Threatens To Increase Petrol To N160 Per Litre (2) (3) (4)

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Petrol Price Hits N160/litre At Depots by nwakibie3(m): 10:46am On Jan 12
By Adewale Sanyaolu

Despite the repeated assurance by the Nigerian National Petroleum Corporation (NNPC), that it has not increased its petrol ex- depot price from N133.80k, Daily Sun findings across some depots in Apapa proved otherwise.

Some marketers who spoke to Daily Sun under the condition of anonymity, said the price of petrol received from NNPC as Wednesday was N160 per litre.

They said since the NNPC assumed the role of being the sole importer of petrol, all marketers have since suspended the importation of petrol, since it was no longer profitable for them to sell at government’s regulated price of N145 per litre.

‘‘ The N160 per litre price is not fixed by us but NNPC because the product is not ours but that of NNPC and that is what they have asked us to sell.

If we are buy at the depot for N160 per litre, how much are we expected to sell at the filling station.It is now clear that the N145 price cap per litre is no longer realistic.Let the Department of petroleum Resources (DPR) clamp down on depot owners rather than sealing filling stations. It is what we buy that we will sell. We cannot run at a loss,’’ they lamented.

When contacted, the Group General Manager, Group Public Affairs Division, NNPC, Mr. Ndu Ughamadu, said NNPC sells to depots at the official price.

‘ ‘ We have not increased our ex-depot price. However the appropriate agencies are monitoring them,’’ he said.

But, a document exclusively obtained by Daily Sun on the market survey position for petroleum products yesterday across some depots in Apapa, showed that as AA Rano, Aiteo and Nipco sold at N160 per litre.

Recall that the Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), led by its Chairman, Alhaji Alanamu Balogun, had last month threatened to withdraw its services across Lagos State and parts of Ogun State, due to irregular fuel supply at NNPC Ejigbo satellite depot.

IPMAN said it took the decision because its members had been running their fuel stations at a loss over the past eight months due to NNPC’s default in the bulk purchase agreement it signed with IPMAN to sell fuel to its members at N133.28k per litre.

According to IPMAN, a litre of fuel (PMS) was being sold to its members by the Depot and Petroleum Marketers Association ( DAPPMA) at N141, apart from running costs, bank charges and other expenses which made it impossible for operators to sell a litre of fuel at controlled price of N145, rather they sell N146 per litre.

The association alleged that while the NNPC had refused to sell fuel to its members regularly, it was diverting the supplies to members of DAPPMA at a price of N117 per litre and DAPMAN in turn, is selling to IPMAN members at N141 per litre.

“We believe that NNPC is doing this to deliberately cause fuel crisis because it could not control DAPPMA not to inflate prices beyond government’s fixed prices,” it said.

http://sunnewsonline.com/petrol-price-hits-n160-litre-at-depots-2/

Re: Petrol Price Hits N160/litre At Depots by Evablizin(f): 10:49am On Jan 12
shocked

Hypocrites,liars,they will say something pleasant here and go to the back and do a different thing.

47 Likes 3 Shares

Re: Petrol Price Hits N160/litre At Depots by fuckerstard: 11:02am On Jan 12
This one hard o

1 Like

Re: Petrol Price Hits N160/litre At Depots by clevvermind(m): 11:04am On Jan 12
N145 or nothing. We would reject any other price other than the normal price.

7 Likes

Re: Petrol Price Hits N160/litre At Depots by EarthXmetahuman: 11:52am On Jan 12
clevvermind:
N145 or nothing. We would reject any other price other than the normal price.
even the 145 is not normal.

Na agidi we dey take buy am before.

54 Likes 2 Shares

Re: Petrol Price Hits N160/litre At Depots by femicyrus(m): 12:09pm On Jan 12
Nigeria on the march again into .....

2 Likes

Re: Petrol Price Hits N160/litre At Depots by KushyKush: 12:10pm On Jan 12
We voted for change and change we shall get grin

I pray buhari gets elected again in 2019...we must live long to witness this change including our unborn kids.

Sheybe una no get sense before ni... grin

59 Likes 2 Shares

Re: Petrol Price Hits N160/litre At Depots by Vince77(m): 12:10pm On Jan 12
E don dey happen small smal

1 Like 1 Share

Re: Petrol Price Hits N160/litre At Depots by kolafolabi(m): 12:10pm On Jan 12
Chai! Nigerians have finally entered one chance

11 Likes

Re: Petrol Price Hits N160/litre At Depots by NaoSlay: 12:11pm On Jan 12


Depot?

They are selling here at 160naira at my business district, Marina precisely.

Something need to be done urgently.

This is not the change we voted for.




18 Likes

Re: Petrol Price Hits N160/litre At Depots by ifyan(m): 12:11pm On Jan 12
Hmm

Believe me or not, this government of Bubu is the worst government ever since the existence of this forced marriage by the colonist.

And Nnpc is the one of the most corrupt government institution in this frustrating country.

Fact

24 Likes 1 Share

Re: Petrol Price Hits N160/litre At Depots by Worksunlimited: 12:11pm On Jan 12
Not again..
Re: Petrol Price Hits N160/litre At Depots by chloride6: 12:11pm On Jan 12
I want to use this medium to apologise to everyone who I ever campaigned to or argued with concerning the candidacy of Buhari in the 2015 general elections. It is now clear that electing Buhari was monumental error, one that must be corrected very soon.


To err is human, to forgive is divine. Once again I plead your forgiveness.

53 Likes 7 Shares

Re: Petrol Price Hits N160/litre At Depots by bugidon(m): 12:12pm On Jan 12
Electing this dullard is the worst mistake in Nigeria's history

11 Likes

Re: Petrol Price Hits N160/litre At Depots by Aieboocaar(m): 12:12pm On Jan 12
My brother my sister, That which we fear is now upon us!!!... the inevitable has happened

In just 3years Under this clueless, unrepentant jihadist of a president PETROL PRICE HAS INCREASED TWICE!!!

At 1st zombies blamed their worst nightmare GEJ,
That wasn't enough, they blamed the rise in price of dollar
Then again they blamed the falling oil price
Still wasn't satisfied, they blamed PDP elements for hoarding fuel undecided


this time around they might blame the sun for shinning too hardembarassed
#2019_come_Quick_biko

41 Likes 1 Share

Re: Petrol Price Hits N160/litre At Depots by Nobody: 12:12pm On Jan 12
Expect a significant increase in the price of goods and services across all sectors of the economy.

Buhari has taken Nigeria 'back in time',the little progress Nigeria made has been reversed,it will take decades to correct this mistake.

By the time Buhari finishes with Nigeria and Nigerians they will know the difference between six and half a dozen.

THE LAND OF THE RISING SUN MUST SET FORTH AT DAWN

11 Likes

Re: Petrol Price Hits N160/litre At Depots by Built2last: 12:12pm On Jan 12
We will not take it in the voice of Orubebe.

PDP will buy 200 while all Sai Babarians will buy at 145

8 Likes

Re: Petrol Price Hits N160/litre At Depots by eleojo23: 12:12pm On Jan 12
A round of applause for Buhari, our able petroleum minister

Buhari till 2050!

Where is that my bicycle sef...

21 Likes

Re: Petrol Price Hits N160/litre At Depots by jazinogold(m): 12:13pm On Jan 12
Babangida brought Road safety
Obasanjo brought EFCC, ICPC and Civil defence.
Obasanjo brought handset.
Yaradua brought Amnesty
Yaradua reduced pump price to #65 per litter.
Clueless Goodluck brought PVC, TSA & BVN.
Goodluck built Amajeri schools.
WHAT HAS BUHARI DONE??

36 Likes 1 Share

Re: Petrol Price Hits N160/litre At Depots by Lomprico2: 12:13pm On Jan 12
Where is dat modafucker liondeleo or what dafuck is his fuçking name?

7 Likes

Re: Petrol Price Hits N160/litre At Depots by amamahdaniel(m): 12:14pm On Jan 12
Enjoy your change.
This change sweet gan!

4 Likes

Re: Petrol Price Hits N160/litre At Depots by ifyan(m): 12:14pm On Jan 12
Believe me their are some individuals that will support this government at no cost because they have sold their conscience to the heartless government

BMC=APC ONLINE ZOMBIES

Sarkki na their Oga for here.

Skales wasn't wrong u know.

Tufiakwa,Aya le igosi ohhh

Mogbe ni 9ja.

5 Likes

Re: Petrol Price Hits N160/litre At Depots by blackbeau1(f): 12:14pm On Jan 12
Finally, it's like we wee all buy bicycles or learn how to trek. We cannor come and kill ourselves. Imagine paying 16k to lag from akwa ibom by road. Four times the normal price all because of fuel. Please oh where are our almajiri brothers. I need a lecture on how to trek successfully and without injury grin

26 Likes

Re: Petrol Price Hits N160/litre At Depots by magiki(m): 12:14pm On Jan 12
Buhari is working, nobody should complain

2 Likes

Re: Petrol Price Hits N160/litre At Depots by iamtardey(m): 12:17pm On Jan 12
OK

Re: Petrol Price Hits N160/litre At Depots by ADRIAN88(m): 12:18pm On Jan 12
Smh for this country.

6 Likes

Re: Petrol Price Hits N160/litre At Depots by ajebuter(f): 12:18pm On Jan 12
Gradually gradually they will tell us it's N180

The area dancers will keep mute

The social critics and human rice activists will be deaf and dumb

The masses' right will be trampled upon by the military for voicing out..

Sai Baba 2019

8 Likes

Re: Petrol Price Hits N160/litre At Depots by tewostm(m): 12:18pm On Jan 12
We are fed up of all this price instability in the oil sector. All we want is let it let is be available to all.

1 Like

Re: Petrol Price Hits N160/litre At Depots by Oloripelebe: 12:18pm On Jan 12
grin


Abeg we no wan change again ooo grin grin
Re: Petrol Price Hits N160/litre At Depots by Handsomebeing(m): 12:18pm On Jan 12
Lol.
Re: Petrol Price Hits N160/litre At Depots by JONNYSPUTE(m): 12:20pm On Jan 12
Let's enjoy our change

2 Likes

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