NNPC Reveals Fuel Price Increase Not On The Cards

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A survey by the newspaper at the weekend showed that all the over 44 depots in Apapa now sell the product far above the N133.28 exdepot price, while some sell for as high as N142 per litre at the depot.

The Independent Petroleum Marketers Association of Nigeria, IPMAN, appears to have carried out its threat of embarking on strike, as Fuel queues returned yesterday, in major petrol stations in Abuja, Nasarawa state and environs.

"The increase in price of petrol by depots is killing our members because most marketers will be forced to shut down their stations if the situation continues".

Investigations by the Nigerian Tribune on Tuesday revealed that while it was evident that there is enough supply for consumers, price discrimination at the private depots was the reason for hoarding and rationing among marketers.

"IPMAN can not just make blanket accusation of DAPPMA selling above ex-depot price".

Earlier on Monday, NNPC informed Nigerians that there was no plan whatsoever to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

"Our members are selling petrol at government approved price, but we should also note that not all depot owners that are DAPPMA's member". The DPR and NNPC seems to be helpless in this situation where the private depots sales petrol above. IPNAN can not just make blanket accusation of DAPPMA selling above ex-depot price.

"Many of IPMAN members can not buy the petrol from NNPC depots because the product was not sufficient and not all NNPC depots that are working".

According to him, "we really don't know why they are deliberately giving us inadequate supplies and supplying the private depot owners products".

"The trucks have started loading the products and we hope by tomorrow when the commodity would have reached the filling stations, the problem will be over", he said.