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/

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

This one hard o

N145 or nothing. We would reject any other price other than the normal price.

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.

Nigeria on the march again into .....

E don dey happen small smal

Chai! Nigerians have finally entered one chance

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

Not again..

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.

Electing this dullard is the worst mistake in Nigeria's history

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

We will not take it in the voice of Orubebe.

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

A round of applause for Buhari, our able petroleum minister

Buhari till 2050!

Where is that my bicycle sef...

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??

Where is dat modafucker liondeleo or what dafuck is his fuçking name?

Enjoy your change.
This change sweet gan!

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.

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

Buhari is working, nobody should complain

OK

Smh for this country.

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

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.

Abeg we no wan change again ooo

Lol.

Let's enjoy our change