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The NNPC Mega filling station at Rainbow Bus Stop,
Apapa-Oshodi Expressway, Lagos closed for business. (Photo: Bunmi Azeez; Image source: Vanguard.com)
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Despite warnings by the Department of Petroleum
Resources, DPR, to marketers to desist from arbitrary pump price increase of
fuel, a Nigerian National Petroleum Corporation, NNPC, outlet at Amuwo, Festac
area of Lagos State is selling petrol at N100 per litre.
The NNPC outlet joined others, including Conoil,
Oregun Road; Total, Amukoko Alaba; Mobil, Festac; Capital Oil, Ago, Olufemi
Arowolo, Iyana-Iba and a host of others, which have stock of the scarce
commodity, also sold above regulated price of N87 per litre.
These outlets are selling petrol at between N100
and N120 per litre, depending on the outlet and location.
The petroleum industry regulator, DPR, at an
emergency stakeholders’ meeting in Lagos on Wednesday, warned depot operators
and marketers against arbitrary increase in the ex-depot and pump prices of
petrol, by taking advantage of the current scarcity situation.
Vanguard report continues:
DPR had cautioned operators still engaged in the
practice of selling petrol and kerosene above government stipulated prices as
well as “those who engage in the acts of hoarding of these products to desist
from it in the interest of the public, the economy and your petroleum
business.”
Acting Director, DPR, Mr. Danteni Ladan, who
issued the warning, said that the regulator will no longer tolerate a situation
where the supply of petrol was dictated by dealers and marketers’ private
interests to the detriment of the Nigerians.
He said DPR will sanction such operators,
including the withdrawal of licence of any found selling above the recommended
price prescribed by the Federal Government.
On PSF
He further said: “In the last few months, the
nation has experienced epileptic supply of fuel, which has reflected in the
sale of this product above official pump price. We have evidence to buttress this.
“We find this trend unacceptable given that
marketers with whom we have constantly interacted have benefited from the
Petroleum Support Fund, PSF.
“This PSF has enabled marketers to operate their
businesses at a level that should guarantee constant and uninterrupted supply
of products. Our interaction with you has been quite cordial and collaborative
in ensuring uninterrupted supply of petroleum in particular to the Nigerian
public at government-approved price.”
However, NNPC’s spokesman, Mr. Ohi Alegbe,
neither picked his call nor responded to a text message to his phone line on
the development. But the corporation’s Retail Department promised to close down
such outlets found selling above the prescribed pump price.
NNPC, MOMAN helpless
The Major Oil Marketers Association of Nigeria,
MOMAN, said its members were doing their best to make the product available at
the regulated price, but cannot monitor all activities in some outlets,
particularly those in the outskirts.
Alegbe, responding to another text message on
efforts being made to ease the scarcity situation, had asked oil marketers to
support NNPC’s efforts by also importing petroleum products, since allocations
for third quarter had been approved.
He had asked: “Why are the marketers not
bringing in products when they already have the third quarter allocations? They
should not rely on NNPC’s so-called little stock to go round.
“NNPC is only entitled to supply 50 percent of
the products. The other 50 percent are meant to be supplied by oil marketers.
Where is their supply?”
While calling on members of the public to
refrain from panic buying, he said the corporation had petrol stock in its
coastal depots in Port Harcourt, Warri, and Calabar, besides the stock it holds
in the national strategic reserves.
MOMAN, while waiting on the Federal Government
to fulfil its promise to pay oil marketers for their outstanding claims, also
criticised Alegbe for his comments.
According to the MOMAN scribe, Mr. Obafemi Olawore, “Alegbe is not an
importer and as such does not understand the dynamics of the market.”
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