The Ore depot branch of the
Independent Petroleum Marketers Association of Nigeria, PMAN, has threatened to
increase price of petrol from the approved price of N145 to about N160 per
litre.
The chairman of the branch, Shina
Amoo, told Punch that marketers in some states in the South-West would not have
to increase petrol price because Depot and Petroleum Marketers Association of
Nigeria had increased the prices of fuel sold to marketers by N16.
According to Amoo, such action
would push petrol pricea to about N160 per litre.
He noted that though the Nigerian
National Petroleum Corporation, NNPC, did not increase the price they supplied
the product to private depot owners.
He said the private depot owners
had chosen to sell the product to marketers at N144 per litre.
He said, “We want members of the
public to know that we can no longer continue to sell fuel at the government
approved price.
“The private depot owners sell a
litre to us at a price between N142 and N144 per litre, which should be sold at
N133.28. They got the product from the NNPC at N117 per litre.
“We will transport the product
from the depots to our various stations and pay workers as well as incur other
expenses.
“So, how will anybody expect us
to continue to sell fuel to consumers below the cost price? It is not possible.
We will have to increase fuel price to about N160 per litre.”
The Chairman, therefore, called
on the NNPC to expedite action on the Ore depot so that marketers in Ondo, Osun
and Ekiti states would be able to lift petroleum products directly from the
depot.
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