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Badagry petroleum marketers urge FG to declare stand on pump price

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 The Association of Petroleum Marketers in Badagry Lagos State on Wednesday urged the federal government to declare its stand on pump price of petrol in the country Alhaji Abdul Ganiyu Adelani Chairman of the association told the News Agency of Nigeria in Badagry that disparity in the price of loading at tank farms led to increase hellip
Badagry petroleum marketers urge FG to declare stand on pump price

NNN: The Association of Petroleum Marketers in Badagry, Lagos State, on Wednesday urged the federal government to declare its stand on pump price of petrol in the country.

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Alhaji Abdul-Ganiyu Adelani, Chairman of the association, told the News Agency of Nigeria in Badagry that disparity in the price of loading at tank farms led to increase in the pump price of the product.

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According to the chairman, while the filing stations of few major marketers are selling at N165, the independent marketers are selling between N190 and N200.

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“Most of the major marketers are not having the products, making the motorists to queue up at filling stations of few independent marketers that are selling.

“If the government wants to increase the pump price of petroleum, they should announce it and make the product available so that marketers can get it.

“At the same time, if government is not increasing petrol price, they should make the product available so that filing stations will get it to sell.

“Throughout Badagry none of the filing stations of major marketers are selling petrol; it is only independent marketers’ filing stations that residents are buying from.

“The price is between N180 and N200 per litre,” he said.

NAN correspondant who went round filing stations in Badagry observed that queues had reduced as most of the filing stations were selling the product.

NAN also reports that petol is sold at N180 per litre at NNPC Mega Station in Itoga, Forte Oil and AP filing stations along Disu Joseph way, Badagry.

At Obinja filing station, God Decision and Ayomide filing stations, pump price is N190, while Royal Sunad and Jacos filing stations are selling at N200 per litre.

NAN reports that on Tuesday, the Federal Government said the fixed pump price of Premium Motor Spirit (PMS) remained N165 per litre as stipulated in the petroleum product pricing template.

This was made known by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company (NNPC) Ltd., and the Pipelines and Product Marketing Company (PPMC) after visiting jetties in Apapa, Lagos.

Mr Ugbugo Ukoha, Executive Director, Distribution Systems, Storage and Retail Infrastructure, NMDPRA, maintained that petrol was a regulated product and urged marketers to comply with the pricing template.

The depots visited by the top officials of the agencies were NIPCO Depot and TotalEnergies Depot.

NAN had reported on Monday that the Independent Petroleum Marketers Association of Nigeria (IPMAN) had advised its members to adjust the pump price of PMS to a minimum of N180 per litre.

The marketers had said the move was necessitated by the increment in the ex-depot price of PMS by some private depots where they were buying the product from.

NewsSourceCredit: NAN

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