Petroleum Marketers Trade Blames As A Litre Of Fuel No Longer Sells For N145, New Price Emerges Nationwide

By Post Nigeria December 6, 2017 07:39

Petroleum Marketers Trade Blames As A Litre Of Fuel No Longer Sells For N145, New Price Emerges Nationwide

Emerging report shows that fuel scarcity is fast spreading across major States around the country, resulting in long queues at filling stations.

Post-Nigeria’s investigation reveals that petrol prices per litre have increased between N160 – N180 per litre, as of Wednesday morning.

Long queues have surfaced in many States, including the Federal Capital Territory, FCT, Abuja, Kano, Lagos, Sokoto, Katsina, Borno, Kwara, Anambra, Delta, Kaduna, with Premium Motor Spirit, PMS, now selling far above the N145 per litre official benchmark.

It was observed that motorists and other petrol users started experiencing fuel scarcity in the State metropolis since last Friday, even though its price stood at N143 per liter.

A motorist, Muhammad Auwal, said: “It is very unfortunate that Kano is experiencing fuel scarcity at the time President Muhammadu Buhari is visiting the State.”

The Chairman of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Kano State branch, Alhaji Ahmad Bashir Danmalam, said the scarcity was caused by private refineries that stopped the supply of the commodity to the State a few days ago.

“In addition to the shortage of supply, the private refineries have increased its price from N133 to N143. However, we were able to secure more supplies from Warri and Port-Harcourt refineries to address the situation. As am speaking to you now, 50 trucks are loading from Kano depot for onward distribution to various filling stations across the State”, he said.

The situation was precarious in Kwara State, as members of IPMAN threatened to shut down their filling stations if the Federal Government did not caution private depot owners selling petrol above the regulated prices to their members.

The Association lamented that only three trucks are being loaded for them in Ibadan Depot, ‎while Massimi Depot has also reduced the number of products sent to Ilorin.

The Chairman of IPMAN in Kwara, Alhaji Okanlawon Olanrewaju, told Journalists that: “As I speak to you now, PMS is sold between N142 and N143 at private depots to our members, and when we add N6 to it, that is already more than the approved price by the government.”

Long queues are already building up in Anambra State, as the commodity is now selling N155 per litre in Awka, the State capital.

In Onitsha, the commercial city, most of the petrol stations visited had no queues, but were selling at N150, while some sold at N155 per litre.

In Maiduguri metropolis, the scarcity was so serious in the last three days, with most filling stations, especially the major marketers not dispensing fuel.

The pump price which used to be between N120 and N130 in most filling stations, dramatically rose yesterday in most of the independent marketers’ stations to between N160 and N180.

Most motorists believe the commodity is deliberately hoarded by the marketers in anticipation of its pump price hike next year.

In Katsina, queues were observed in many filling stations in the metropolis yesterday morning, but by late evening, the queues had disappeared.

The queues resulted from most fuel stations not dispensing the commodity.

In Funtua, the situation was worse, as virtually all motorists have resorted to the black market for the commodity.

A car owner, Lawal Saidu, said he purchased a gallon for N900 on the roadside, after going round most filling stations without finding the product.

Most of the filling stations belonging to independent marketers shut their gates against customers, while major oil marketers’ outlets that opened for business were besieged with long queues by anxious motorists.

In Abuja, fuel queues ripped through major fuel stations like other State capitals, with black marketers selling the product inside jerrycans.

Meanwhile, the Depot and Petroleum Products Marketers Association, DAPPMA, has accused the Nigerian National Petroleum Corporation, NNPC, of not having adequate petrol to meet the consumption needs of Nigerians.

Speaking, DAPPMA Executive Secretary, Mr. Olufemi Adewole, said there was currently a supply gap from THE NNPC, forcing independent marketers to rush to private fuel importers for supply.

He also denied the allegation of DAPPMA members selling above the ex-depot price of N133.28 per litre.

An investigation revealed that all depots in Apapa sell petrol above the ex-depot price of N133.28k.

Adewole said: “We are not selling above the official price. We sell what we have. Unfortunately, NNPC could not meet all the needs. They could no longer get from NNPC’s depots, now they are accusing us. The same reason NNPC’s depots could not meet their needs, is the same reason why DAPPMA could not meet their needs.”

2019 Presidential Election!!! Who Are You Voting For???

View Results