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Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians - Politics - Nairaland

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Oil Marketers Tell FG To Allow Them Fix Nigeria's Refineries / Confusion As Petrol Marketers Fix Price At N162 A Litre / Petrol To Sell At 117 Per Litre As PPMC Slashes Ex-Depot Prices (2) (3) (4)

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Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by 2mercy: 10:55am On Feb 22
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 last week ruled out immediate price rise until a scheduled meeting between the Federal Government and labour unions at the end of the month.

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

They said despite NNPC assurance of product availability, independent marketers could not access the product from NNPC depots 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 Kankada Oil and Gas Nigeria Limited, Danasabe Kakanda, accused the government of giving the private depot owners edge over independent marketers.

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

He said: “With the inconsistencies of government, Nigerians should expect the price of fuel to be between N190 to N195”.

Also speaking, Chief Executive Officer of Foste Nigeria Limited, Chief Austin Erhabor, urged the Minister of Petroleum Resources, Chief Timipre Sylva through NNPC to come out clear to explain to Nigerians whether they have deregulated the petroleum supply chain 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 mentioning official pump price”, he queried.

Erhabor exonerated petroleum marketers in the ongoing uncertainty in the supply chain, saying the sector is suffering from confusing government policies.

“These private depot owners were not supposed to own filling stations. They were supposed to be in the middle between NNPC and the independent marketers. Is it fair for somebody that I am buying from, my competitor, I buy from you, you come and build station close to me, and you are the one that is supplying me, how can I sell? Because if you want me to die off the business, all you need to do is to supply to the level you are selling to me in your depots”, he added.

The Foste Nigeria Limited boss accused private depot owners of systematically edging the independent marketers out of business by

hoarding petroleum products to ensure that only their filling stations are loaded first.

“As we speak most of us have paid money to these depots without getting the product. And before your eyes, they are loading up their own trucks. These private depots are known”, he said.

On his part, former National Publicity Secretary of IPMAN, Dr Emma Ihedigbo, also said the oil marketers are no longer happy about what government agencies are doing with the petrol supply chain.

“What we are saying in effect is that we are crying out that, PPMC want to strangulate IPMAN members and all the businessmen dealing in petroleum products and we are no longer happy about it. And if nothing is done, we will come out and tell the world what is going on”, he said.

https://www.vanguardngr.com/2021/02/expect-to-pay-n195-per-litre-for-petrol-marketers-tell-nigerians/

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by festacman(m): 11:08am On Feb 22
Good and necessary as it may be, FG should SOFT-PEDAL on deregulation and do EVERYTHING and ANYTHING constitutional to make pump price of petrol not to go above the current price. Any significant increase will come with massive increases of prices of consumer goods and services with adverse effects on purchasing power and the economy in general.

Therefore, it is important to maintain status quo while working with Dangote group, BUA Group and other licenced private refineries to fast-track the opening of their refineries to cut off shipping cost, insurance cost and other costs that are associated with importation of refined fuel.

Only then can Nigeria trully gain as OPEC member from crude oil price increases in international market.

17 Likes 3 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Jashub: 11:10am On Feb 22
Why not tell the world now...or is there something holding you?

2 Likes 1 Share

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by habsydiamond(m): 11:36am On Feb 22
Now I know that Nigeria is heading for a slit....development ought to progressive as we are advancing in age... In Nigeria's case we depreciating.. The years of greater achievement in this country was in the early 60s to 80s.. Whars going on with this country... It's only in Nigeria we call in God for social amenities that the govt should provide. I think it's time we wake up and elect people with integrity and with the fear of God to lead us in this country. God fatherism must be shunned cos it's the major why we are stagnant as we are. God bless Nigeria oo

23 Likes 3 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Deathisfree: 12:02pm On Feb 22
We using v6 engine be like shocked


2023 we meet again

46 Likes 3 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by wpadmin: 12:02pm On Feb 22
Dear Marketers, if you like increase am go 250....


We will still buy.

16 Likes 1 Share

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by osuofia2(m): 12:02pm On Feb 22
NICE ONE, NIGERIANS COMPLAINS TOO MUCH. THIS IS IMPORTANT TO GET RID OF CORRUPTION IN THE PETROLEUM SECTOR . GOD BLESS BABA BUHARI
Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by iamphilips(m): 12:02pm On Feb 22
Where are we heading to Its really sad honestly.

Please If you have old and active ebay accts (2018 and older) hit me up. Buying at 5k each. Link on bio
Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by SimplyFacts: 12:02pm On Feb 22
Abeg,, the hoodlums should consider the residential areas before dem start to dey protest, loot & likely set filling stations ablaze.

Even if there would be any protest, we expect the youths & not the hoodlums oo

3 Likes

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Muhylonaire007: 12:02pm On Feb 22
Wahala dey o.
Nigerians una Pele o grin grin grin Shebi all of una don dey go register for APC again? Suffer no dey tire you.
195 is small, let's sell for 300naira, Nigerians will buy and they won't speak up, they will still praise the minister of petroleum for his evil work grin grin grin grin
Cruise Nation grin grin grin

59 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Seniorwriter(m): 12:03pm On Feb 22
Envisaged....I've always maintained that we have very clueless people in Leadership.
What will it take to strictly regulate the downsteam?

Anyways if you are an undergraduate youth don't waste away whilst studying ...kindly contact me on how to effectively create a sustainable residual income means.

Proactivity Leads To Productivity!!!
@SeniorWriter
Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Jestin: 12:03pm On Feb 22
I give up on Nigeria

4 Likes 1 Share

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by perkyB(f): 12:03pm On Feb 22
wahala for motorists

9 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by slawormiir: 12:03pm On Feb 22
Damnnn niggarrrr
We ain't scared anymore

5 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Orjforlife: 12:03pm On Feb 22
Which way Nigeria sad
Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by LilMissFavvy(f): 12:03pm On Feb 22
Look at the massive damage Buhari and APC have done to Nigeria. Look at how every single aspect of the economy is sinking. Prices of Foodstuffs, dollars exchange rate, petrol, local products, etc, have all doubled or trippled in prices. SHAME-ON-APC, THE CHANGE THEY PROMISED US IS A NEGATIVE ONE.

11 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Primusinterpares(m): 12:03pm On Feb 22
It shall not be well with this government

5 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by HeadShot: 12:04pm On Feb 22
Make it 200 per liter...


Zombies will pay

Sai baba till eternity

14 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Farki: 12:04pm On Feb 22
I'm sure helinues, Simplyleo, MANNABBQGRILLS, thebosstrevor1 and company are really enjoying this change they voted for.

12 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by sweerychick(f): 12:04pm On Feb 22
grin imagine if this is Jonathan's regime

16 Likes 3 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Chris0017: 12:04pm On Feb 22
next
Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by HeadShot: 12:05pm On Feb 22
wpadmin:
Dear Marketers, if you like increase am go 250....


We will still buy.

Gbam...

All of us die here

2 Likes 1 Share

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by BabaIbo: 12:05pm On Feb 22
Lol...

You guys should stop this nonsense and increase it to 250-300 we already know that is where you folks are heading.

Which one is today 180, tomorrow 185, next tomorrow 190...

5 Likes 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by whela(m): 12:05pm On Feb 22
We've been through much worse.
If only Nigerians could sound a warning to our so called leaders too like "be ready to go to jail if you dont perform"

1 Like 2 Shares

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Wolfeye: 12:06pm On Feb 22
festacman:
Good and necessary as it may be, FG should SOFT-PEDAL on deregulation and do EVERYTHING and ANYTHING constitutional to make pump price of petrol not to go above the current price. Any significant increase will come with massive increases of prices of consumer goods and services with adverse effects on purchasing power and the economy in general.

Therefore, it is important to maintain status quo while working with Dangote and other licenced private refineries to fast-track the opening of their refineries to cut off shipping cost, insurance cost and other costs that are associated with importation of refined fuel.

Only then can Nigeria trully gain as OPEC member from crude oil price increases in international market.

Tier 1 delusion

2 Likes 1 Share

Re: Expect To Pay N195 Per Litre For Petrol, Marketers Tell Nigerians by Muhylonaire007: 12:06pm On Feb 22
[/s]
osuofia2:
NICE ONE, NIGERIANS COMPLAINS TOO MUCH. THIS IS IMPORTANT TO GET RID OF CORRUPTION IN THE PETROLEUM SECTOR . GOD BLESS BABA BUHARI
[s]


Your Zombiesm is first class. Glorified ****

4 Likes 1 Share

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