Fuel Marketers Shun Govt Directive Maintain New Pump Price, Sell Above N86 Per Litre

Directive by government on the reduction of pump price of petrol appears not have any effect.
According to a report available to scietynowng.com
Many filling stations across Benin City, the Edo state capital yesterday shunned the Federal Government’s directive on the new pump price for petrol as they continued to sell the product at either the old regulated price of N87 per litre or above it.

While majority of the filling stations around Ekenwan, Akpakpava were not selling fuel, only MEGA station on Sapele road was selling petrol for N86.per litre, with a relatively long queue.

Also, at an NNPC retail station in Upper Sakponba road, petrol was sold for N87 despite the Federal Government’s directive.

A fuel attendant told our correspondent on condition of anonymity, that motorist should appreciate them after all “Others are selling for as much as N145-N 150 per litre

But other independent marketers who were dispensing the product sold to motorists and other buyers at between N115 and N150 per litre.

It would be recalled that the Petroleum Product Pricing Regulatory Agency on Tuesday announced that retail filling stations belonging to the Nigerian National Petroleum Corporation would from Friday, January 1, 2016, sell petrol at N86 per litre, while other oil marketers would sell the product at N86.5 per litre

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