Marketers in FCT outskirt yet to sell at N125 Per litre

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Fuel stations at the outskirt of the Federal Capital Territory  (FCT) were yet to comply with the N125 new pump price for Premium Motor Spirit (PMS)  also  known as petrol.

A correspondent who went round Abuja on Sunday reports that while most  stations at the city centre had complied with the new pump price, those at the outskirt were yet to comply.

Total, Gegu, Conoil and Eterna filling stations within Kubwa and Dutse  axis have complied and were dispensing to motorists at the designated price.

In Madala and Zuba most filling stations were yet to comply and had shut down operations.

Along Kubwa Express Road, while MRS filling stations were not selling, Rain Oil, Conoil, A A Rano, NNPC retail outlet, Total and Juda oil were all selling at the new pump price of N125.

At the Central Business District, Area 1 and Area 111 in, apart from Yaman Filling Station that closed, Total, Conoil, NIPCO filling stations were all dispensing with minimal queue visible.

Also, most filling stations along airport road had complied and were dispensing to motorists while in Karu and Nyanya axis another outskirt, some of the filling stations were still selling at N145 per litre.

A manager in one of the filling stations who spoke on condition of anonymity said that complying with the new pump price with an old stock would be at the detriment of his business.

“We will comply as soon as we finish selling this product. This is business, it will be a huge loss for us if we comply immediately,” he said.

Alhaji Suleiman Yakubu, National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), earlier said that most filling stations have adopted the new price regime while others would join in due course.

“We support government and its policy, as we also know government has its citizen’s welfare at heart. Some of the marketers just took products before the reduction so it came as a shock, we will find a way to deal with the situation,” Yakubu said.

Some motorists interviewed condemned marketers who refused to comply with the new price policy.

A motorist Mr Uche Michael said the fuel stations were unfair to motorists.

“It is very unfair that owners of fillings stations are not complying immediately.

“If it is increase in price, they will adjust even before the time they are asked to do so.

“For me, the regulators need to start working day and night to sanction defaulters,” he said.

Another motorist Yakubu Idris said at Total filling station in Kubwa that government needed to be commended for reducing the price of petrol.

“I commend government for this brave step to reduce the pump price to N125 per liters.

“They should work hard and make sure that filling stations comply,” he added.

Mr Chinedu Iwuchukwu, a taxi driver said” Some of the filling stations changed their dash board to show that they are complying but when you buy fuel, you really don’t see much difference.

“The Department of Petroleum Resources (DPR) has a lot of work to do now, it  should deploy its men everywhere to make sure that Nigerians enjoy this good deed of government,” he said.

The federal government had on March 18, reduced the pump price of petrol from N145 to N125 per litre following the crash in global oil prices.

The new pump price was effective from March 19, 2020.

The Petroleum Products Pricing Regulatory Agency ( PPPRA) said that the new price would run till the end of March adding that from April 1, it would start a monthly price modulation that would reflect global market fundamentals.

 

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