Goodness19:
Fuel price may fall as petrol vessels berth at port

The pump price of Premium Motor Spirit, popularly called petrol, may be reduced in filling stations operated by independent marketers this week, following the massive imports of PMS by the Nigerian National Petroleum Company Limited, oil dealers stated on Saturday.

It was gathered that the recent hike in petrol prices at retail outlets operated by independent marketers was due to the short supply of the commodity, which led to acts of profiteering by both depot owners and filling stations.

But operators in the downstream oil sector confirmed to our correspondent on Saturday night that several cargoes imported by NNPCL had arrived in Nigeria, as some of them were currently discharging at the ports.

“Once the products start hitting filling stations, fuel price will reduce, because the recent high cost was due to supply drop,” the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, told our correspondent.


On Thursday, oil marketers blamed the emergence of queues for petrol at filling stations in Abuja and neighbouring Nasarawa and Niger states on the low supply of PMS by its sole importer – NNPCL.

However, the national oil company refuted the position of marketers, as it argued that the queues in the affected areas were due to a “price war.”

But going by the latest development concerning the imports by NNPCL, operators in the sector stated that the queues would not only disappear but there would be a reduction in price at independent filling stations.


Currently, petrol is mostly sold at between N580 and N613/litre at filling stations operated by NNPCL. Most other marketers dispense the commodity at higher rates, with some selling PMS for as high as N670/litre.


He noted that the inflow of foreign exchange during the Yuletide would not necessarily impact petrol prices, rather the increased imports by NNPCL should warrant a reduction in price.

He said the large PMS imports were confirmed to marketers by NNPCL.

On whether marketers had started receiving the products, Ukadike replied, “By Monday we will start receiving from Port Harcourt and Warri, based on my last discussion with the NNPC management.”

Another major marketer also confirmed the position of IPMAN, as he stated that “when you wet the market with products, there’ll be no room for profiteering.”

Earlier, the Chief Corporate Communications Officer, NNPCL, Olufemi Soneye, stated that the position of oil marketers as regards the re-emergence of fuel queues was not true, as he insisted that the oil firm had enough products.

“That is not true. The recent tightness in Abuja is essentially a price war which is typical of any competitive market. Motorists would rather queue at filling stations that offer lower prices than others.

“While NNPC retail is selling at N613/litre in Abuja, other marketers’ prices range from N625-N650/litre,” Soneye said.

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Nonny95:
As a business owner, you arrange an interview to select a new CEO for your business, but end up employing a candidate with no capacity for the role - 'cause of base sentiments, & now you're hounding the qualified candidate you rejected to come sit with you in strategy sessions and share his vision/plans for the enterprise and also proffer solutions to the problems crippling your organization's growth/progress??

Imagine people that booted out GEJ are now calling for ideas from opposition leaders😂😂

the problem begin with you relating democratic leadership with mere employment, patriotism is missing in your analysis smh

Yes it doesn't matter if you vote or not, cause you don't even believe you can win

taylor89:
Exchange rate wey go soon drink viagra high again




Can’t wait for it to hit 3k per dollar

you will likely die waiting 😂

Poorman go think say garri don cheap 😂

How on earth did I missed this event 😢

What do you expect from a country of such literacy statistics, check it out only the southern states with the lowest population makes it to first 20 on the list

AdamuKD:

Prick dey hungry am
All those nonsense feminist, this will be una fate.

comrade lower your voice, Tonto dike is in the building

On the one time use plastic I think the government should take a step in banning some of those plastics to create a better and cleaner environment, nice one.

NLCreator:


https://fij.ng/article/fact-check-on-tinubus-certificate-theres-evidence-bbc-africa-is-wrong/

you go explain explain explain explain explain tire no evidence 😂

Shinjawest:
Very good...

All Christians and lovers of peace support Israel..

I stand with Israel...

Death to all head slamming mohammadian terrorists.

God bless Israel

Isreal is not a Christian state, I repeat Isreal is not Christian state!

RingRoadMafia:
Muslims around the world should use the response to this war to gauge how the rest of the world really feel about their terrorism. This should be a period of sober reflection. Think and ask yourselves questions. People are not happy with Islam in general, not because every Muslim is a terrorist but because every terrorist is a Muslim and the ones who aren't terrorists amongst you have refused to speak up against this evil. Thats the problem.

Hamas lost this war the moment they decided to shout "Allahu Akbar" while carrying out their carnage. At that moment, it took another dimension. It became what everyone has always been suspecting it to be: a religious war.

Trying to force your religion on other people will be the end of that religion. Mark my words.

this war is more ethnic than religious get your facts right.

But if Na premiership dem born Davido we'll make e no show, Na so unah go dey blame Government for Naira devaluation meanwhile none of you is ready to help the locals grow, spit!

benuejosh:
All we want is peace.

Let peace reign.

This should not turn into a religious war of Islam against Christian.
PEACE IS BETTER THAN WAR.

And who told you Israelites are Christians?
This is more an ethnic war than religious.

CodeTemplar:
Netayanhu has instructed retaliatory strikes against the enemies of God's own nation. If anyone knows his MTN line, I like to appreciate him with a token of N1500 for a stance well taken.

dey play, only about 2% of people in Israel are Christians

Ofunaofu:

https://www.google.com/amp/s/www.vanguardngr.com/2023/10/speak-up-on-tinubus-certificate-saga-soyinka-told/amp/

because you people are st#p#d and raised by a n**sa*ce, and that as really affected the way you think, how can a well to do public figure be concerned about your senseless claim that a certificate/diploma awarded with honor be forged by awardee, like where are you people thinking from, your ass holes?

designking:


This totally puts the certificate forgery case to rest before the supreme court.

If CSU says their certificate wasn't forged, no one else has a right to claim it was forged.

some people are just so senseless this, how could they have even think in their unrest mind a whole CSU diploma can be forged even by a prominent of Tinubu's calibre 😔

Say that to the disparagers you support

ganisucks:


Source: @AreaFada1 (Twitter)

This foolish old man still think himself and his dummy instigators can make any movement that will lead to violence in this country again like they did during the #endsars this time you will rot in jail

Maxymilliano:




https://www.facebook.com/47904265/posts/pfbid0ene8SL2CbrDgsVreTZRcSfiocKCBVZc2beQsVAGoLG5qLAe5eGAdvFKrr8gtip46l/?mibextid=2JQ9oc

that tinububu part 😂

How long has it been in use?

Mjshexy:
The car may not be hers and was really out of fuel, if you had the means you could have just helped, no amount is too small when rendering a helping hand. Times are hard, a closed mouth will only die silently

and here in Nigeria the opened mouth will still die even mockingly

Triton1996:

my governor 😊

What's the price?

KanwuliaExtra:
About time.
If you cannot gurantee security to your citizens ask the neo-colonialists to do it for you.

Shameless Country!
Useless Military!
Useless Police Force!
Useless Government!
Useless Economy!
Useless Health Sector!
Useless Transportation System!
Useless Education System!
Useless Marriages!
Useless Banking Sector.

Total FAILURE!

Point out ONE good thing about LIEGERIA to celebrate?

you are a fool, a big one at that, so having to deploy unmanned technology to optimise security is a bad thing?

SmartPolician:
Just make sure you don't destroy public infrastructure. The police and the authorities are already involved. I don't understand the essence of this protest.

maybe you will understand better if (God forbid) your family's breadwinner and the famous one in your lineage is to be in question

Racoon:
What happened to emilokan developed Lagos and all the stupendous IGR being attributed to Lagos?

your hungry brothers Lagos' coming has multiplied in recent years, so?

I'mpossible 👍

How do bet9ja attenders did not make it to the female lists those girls retate me like hell!!

Useless set of people only in the NPF will complaint pay for reporting a case and if no money involve the bastards will not attend to you after then you will still pay to commute them to the scene of incident, still buy food for the officer assign as if you hire an artisan very stupid and useless people