..Petrol sells N270/litre at SE,

Okechukwu Nnodim and OpeOluwani Akintayo


The Nigerian National Petroleum Company Limited is planning to sign an agreement with independent oil marketers to ensure that the ex-depot price of petrol is N148/litre.

The National Controller, Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The PUNCH on Thursday, that IPMAN was currently holding a series of meetings with the new Managing Director of NNPCL Retail, Hubb Stockman, who promised to supply IPMAN members products directly.

This came as the Presidential Candidate of the All Progressives Congress, Bola Tinubu, on Thursday, said no matter how long people protest against the removal of subsidy on Premium Motor Spirit, popularly called petrol, the scheme must be stopped.

Speaking on the agreement with NNPCL, Osatuyi said, “They (NNPCL) have now put IPMAN under him (Stockman) directly, and he’s a good guy. With the series of meetings we have been having with him, something good will come out of it, latest by January.

“We will get products directly from NNPCL and we won’t have to go through the depots. He’s a white guy, and you know whites don’t play politics. By that, prices of products will go down. But what we are asking for again, is consistency in product delivery to us, and let it not be a one-off thing.”

The Chairman, IPMAN Satellite Depot, Akin Akinrinade, had told The PUNCH, on Wednesday, that private depot owners kept increasing prices, as petrol was currently sold to them above N200/litre.

The PUNCH observed that filling stations belonging to NNPCL sold petrol at N169/litre, while major marketers dispensed the product at N170/litre, as IPMAN sold theirs at about N250/litre, depending on the location.

The queues for petrol grew worse in Lagos on Thursday, but subsided in parts of Abuja.


Petrol sells N270/litre

Petrol is now selling at between N260 and N270/litre in Awka, the capital of Anambra State.

The News Agency of Nigeria monitored fuel availability and price situation on Thursday in the state and reported that the cost of transportation had sharply increased in response to the hike.

The NNPC mega and mini retail outlets in Awka were closed to customers as they had no products, while only private marketers’ outlets were selling with few vehicles queuing up to buy petrol. Some motorists in the town expressed concern that the price of petrol had continued to rise without anybody coming to their rescue. They accused the marketers of arbitrarily hiking prices because Christmas and New Year celebrations are near.

NAN reports that fares for intracity shuttle had increased by 100 per cent as transporters now collect N200 for distances that cost N100 in the last.

Mrs. Jane Oranu, a civil servant who lives in Onitsha but works in Awka, said a one-way fare which was N300 now costs between N750 and N800.

Oranu said the increase in transport fare had put an additional burden on household finances.

She called on the Federal Government to intervene in the petrol price issue and save the masses from unbearable hardship.

In a reaction, Mr. Chinedu Anyaso, Chairman of IPMAN, Enugu Depot Community, blamed the price increase on cost of procuring products.

Anyaso, in charge of Anambra, Ebonyi and Enugu States, said marketers were now buying PMS at above N240 with N3 loading cost and N15 transportation per litre to their outlets.

“It is not our problem, the price we are selling is reflective of the ex-depot price which is N240, we pay N3 as loading cost and transport to our outlets with N15 that makes landing cost to be between N258 and N260.

“You can see that alternative to what is going on now is to be out of business but we have to remain in business to service our people, especially during this Christmas period. It is even affecting our businesses because our sales have dropped by about 50 per cent because customers are not buying, so we are calling on the federal government to supply products massively and directly to marketers and not through these private depot owners,” he said.

Anyaso urged members of the public to appreciate the role of marketers in the Southeast who were making efforts to make fuel available but explained that pricing is not within their control.

https://punchng.com/nnpcl-marketers-plan-n148-litre-tinubu-insists-on-subsidy-removal/

For quite some time now, fuel pump price have been on the increase just like the price of every other commodity have also been on the increase since the emergence of this calamitous APC government and there are no protests, no one is talking

Hmmmmmmm

Thunder fire Tinubu for helping Buhari to power.

After all the APC hype of protesting against the #87 per liter price of petrol in 2014, fuel/petrol subsidy and the illusory promises of one year, one refinery this is where they have landed Nigeria today.

The fall in oil price in the global market does not elicit a commensurate fall in the case with Nigeria under the APC. The never built any refinery, but ended up with sleezy corruption even with the massive crude oil theft, homongous TAM & overhead costs on refineries that refined zero-crude oil with concomitant zero-NNPC remittance to the national coffers.

Now, what about the issue of petroleum subsidy? President Buhari and the APC in 2014 shamelessly said "Anyone that tells you he is paying subsidy is a fraud. Fuel subsidy does not exist. Fuel subsidy is a fraud."

However, these bastards have been engaging in this fraud for the past 7 years without any iota of shame, remorse or apology to the nation for playing politics with a national matter they have no zilch knowledge despite their silly attempt to re-branding it as "subsidy under-recovery."

Today, Bola Ahmed Tinubu would arrogantly tell Nigerians suffering the clueless misgovernance of the regime he belongs to that "No matter how long you protest, we are going to remove subsidy."

Meanwhile, this is the same issue the former president Jonathan he shamelessly went to seek his support for his moribund ambition wants to removed in 2012 but was opposed by the same wicked Tinubu and his ilks in the APC. The APC have removed the same fuel subsidy times without number. Bunch of idiots.

What APC cannot destroy does not EXIST

APCshit

TooMuchStuff:
What APC cannot destroy does not EXIST

Aptly said sir. The most useless, senseless, impactless, directionless and wicked set of people ever seen in government.

Hh

No problem......

[img]https://giffiles./216/216483.gif[/img]

We watching closely

APC scammed Nigerians back to back

They are preparing another scam to take over but they will not succeed

God will frustrate all the enemies of this nation

Ok

I don't and will never hate tinubu or anyone, but what I don't seems to understand is how can someone be wishing tinubu becomes Nigerian president after all we've gone and still going through in this administration where what we have is presidency and not a president because he has no grip of himself mentally and physically, if not for selfishness, tribalism and a choice to be foolish the people supporting tinubu wouldn't have been doing it, but God will disappoints and discredit all of you who want Nigeria to remain a laughing stock among other nations.

Over 90% of the petrol stations in Port Harcourt sell above 230 currently including some branded in NNPCL colours.

with this, some people go still vote APC

Fraud

I said it before , until we start refining crude locally we will continue to see increase in fuel price. Those thieves hiding behind NNPC to force the nation to waste scarce forex to import fuel are the nations problem.

This whole scam must end , the amount of forex that goes into fuel importation and subsidy is really affecting the strength of Naira and FG buy at over 500 and sell at 148 , and many goes to neighboring countries while we suffer the effects

One day this scam must stop for us to move forward

I bought 180 today NIGERIA is a disaster

Buhari the petroleum minister has continued to show his incompetence in terms of management and direction of the petroleum industry.

As we speak, this industry is a free for all. How can Nigeria, one of the worlds exporter of crude don’t have a functional refinery beats my imagination. Fuel prices ranging from N250-N280 is totally unacceptable and the National Assembly should as a matter of urgency speak up immediately. Nigerians are not animals, how can a sane human being grow and live in a country that has deficits in her human capital development in all its goals. All facilities are in decrepit state!

And to you, whom has suffered immensely in these last 7-8 years in Buhari’s dungeon. If you do not have sense in the coming election, then sense will be far from your generation!

Buhari, you are the S.I unit of FAILURE!

This is an episode on Young Sheldon meets The Johnsons. Let them keep playing to the gallery.

Nonsense and senseless people still supporting the useless APC because of tribalism... May God punish those who have decided to make the country this bad Amen... Mtchew...

Islie:
..Petrol sells N270/litre at SE,



https://punchng.com/nnpcl-marketers-plan-n148-litre-tinubu-insists-on-subsidy-removal/

Another lie from the stable of APC. It shows this government lacks direction.

otokx:
Over 90% of the petrol stations in Port Harcourt sell above 230 currently including some branded in NNPCL colours.

Yea, 250 as at this evening

Ofunaofu:
For quite some time now, fuel pump price have been on the increase just like the price of every other commodity have also been on the increase since the emergence of this calamitous APC government and there are no protests, no one is talking

Hmmmmmmm

Price of fuel controls every other thing because of transportation cost.

Hope you get it

It is well.

07kjb:
I bought 180 today NIGERIA is a disaster

180 still better na 270 I dey buy ham