Wednesday, August 17, 2022

Fuel queues: NNPC douses tension, says ‘no increase in ex-depot Price in May’

Must read

Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via [email protected], or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
- Advertisement -

The Nigerian National Petroleum corporation, NNPC, says it will not increase the ex- depot price of Premium Motor spirit also known as petrol in May.

DAILY NIGERIAN correspondent observed that queues resurfaced in most filling stations around the Federal Capital Territory with visibility of black marketers along the major highways.

Speaking at the end of a closed door meeting with Petroleum Transport Drivers, PTD, National Association of Road Transporters Owners, NARTO, and oil marketers in Abuja on Monday, the NNPC Group Managing Director, Mele Kyari, said that there was no cause for alarm.

He added that the ex-depot price is the price marketers buy products from depot owners; it determines the pump price at filling stations.

“We want to inform oil marketing companies that NNPC will not increase the pump price of PMS in May.

READ ALSO:   UTME still mandatory for NDA admission -- Official

“I am giving the assurance and I ask Nigerians to go about their normal businesses; we have over 20 billion litres of petrol in our custody.

“Many of you are aware of this and with the assurance with tanker drivers and NUPENG, there is no need for panic buying of the product.

“Petrol will be available in all the depots in the country including NNPC dispatched depot across the country, so nobody should panic in buying the product,” he said.

On the strike by PTD, he said the strike was associated with NARTO’s inability to increase their compensation which was not resolved last week.

“We have given commitment to both NARTO and PTD that we will resolve the issue within a week and come back to the table to have a total closure on the issue.

READ ALSO:   Terrorists raze down communities in Birnin-Gwari, kill, abduct many residents

“We also have a robust engagement with our oil marketing partners in respect of increase in the volume product that is check in the Nigerian market.

“We have agreed to work jointly with all the security agencies to contain any possible infractions seen in our borders.

“We will work as a team to curtail this fraudulent practice with the help of the security agencies,” he added.

He added that the meeting also discussed issues on payment by Petroleum Equalisation Fund (PEF) to oil marketing companies.

He said that all stakeholders agreed in making PMS available to marketers.

Alhaji Yusuf Orthman, NARTO President, commended the NNPC for the intervention and assured that within the next seven days, things will normalise in the adjustment of allowances of PTD.

READ ALSO:   Insecurity: Abacha regime better than Buhari administration – Mailafia

“We have requested that they bring three persons so that we discuss the issues but that would not have been possible without this intervention.

“We hope that within the next seven days things will normalise and I want to assure Nigerians that we are committed to it,” he said.

Also, PTD president said that the strike has been suspended until the next seven days

He commended the NNPC and all the stakeholders for their quick intervention.

“We believe that the condition of service of tanker drivers and others need to be improved and we believe that everything will be resolved as discussed,” he said.

nigerianewspaper

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -
cosgrove

- Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -