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.
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.
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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.
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.”
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