👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Business NewsNews

Marketers protest N185/litre fuel, threaten strike

The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to discontinue its services in response to the continuous increase in the price of premium motor spirit in the Eastern region of the country.Information Guide Nigeria

In a statement, the marketers blamed private depots for the price increase.


👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

According to them, they were purchasing gasoline from depots at a price of N185 per litre, noting that the price would increase to N200 per litre if other charges were factored in.

Even at N200 per litre, the exorbitant cost of fuel to run the station and the exploitation by private tank depot owners and NUPENG prevented the success of the traders’ enterprises.

They pleaded with the federal government to reopen all NNPC depots in the Eastern zone so that they may obtain quality motor spirit at a controlled cost.

They also solicited the assistance of the Nigerian Labour Congress in urging NUPENG to decrease the loading cost.

Other Top Stories: 

The statement added, ”It is no longer news that premium motor spirit, known as petrol, is sold at N200 per litre in the Eastern part of Nigeria, including Portharcourt, Enugu, Owerri, Awka, Uyo, Cross River, Aba, Yenagoa, Makurdi, Lokoja.

The real cause of hike in price is the incessant increment in price of premium spirit from private depot owners. A litre of fuel is being sold to us at the rate of N185 per litre.

“When you add transport and logistics including the exploitation by NUPENG in the name of union fee, which is over N120,000 per truck, the price will be more than N200 per liter.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Even at N200 per litre, considering the high cost of diesel to power the station and the exploitation from private tank depot owners and NUPENG, our business cannot thrive. Our various associations have met, and we have resolved to withdraw our services.

“Hence, we cannot cope with the harsh environment of doing business, caused by private depot owners and NUPENG.

We’re calling on the federal government to revive our various NNPC depots within the Eastern zone to enable us to get premium motor spirit at a regulated price.JAMB Result

We are also calling on the Nigeria Labour Congress and the management of NNPC to please appeal to the leadership of NUPENG to lessen our burden by reducing the loading fee.”

Check Jamb Result 
Check and Confirm: How much is Dollar to Naira

📢 We are hiring writers!

Article Writing Jobs - We are hiring good freelance writers - Click here to apply

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment. . Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,. . All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA). . . The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.
. We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker