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Petrol: Roadside sellers resurface in FCT

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Roadside sellers of Premium Motor Spirit (PMS) popularly called ‘black marketers’ have resurfaced on major expressways in Federal Capital Territory (FCT), Abuja.

Our correspondent who went round the city centre on Monday, reports that only a few fuel stations were dispensing to motorists amid long queues.

However, most fuel stations on Kubwa Expressway and Central Business District including Gegu Oil, AA Rano, Shema petrol station were selling to motorists.

Roadside sellers interviewed by our correspondent on Kubwa Expressway and Gwarinpa Estate declined to disclose how they sourced their products, as they sold 10 litre of fuel for between N5000 and N6000.

Commenting, Chief Chinedu Okwonkwo, President of Independent Petroleum Marketing Association of Nigeria (IPMAN) blamed the problem on panic buying.

“Nigerians should stop panic buying; the NNPC has assured that it will not increase the ex-depot price of PMS in March.

“Some of our members, who stopped selling for fear that they may not be able to buy product have agreed to start selling.

“I am sure that by tomorrow things will normalise because the NNPC said that there is 40 day product sufficiency in the country,” he said

Meanwhile, NNPC had advised motorists to stop panic buying, as it has no plan to increase the ex-depot price in March.

“Contrary to speculations of imminent increase in the price of PMS in the country, the NNPC has ruled out any increase in the ex-depot price of petrol in March.

“The corporation is not contemplating any rise in the price of petrol in March in order not to jeopardise ongoing engagements with organised labour and other stakeholders on an acceptable framework that will not expose ordinary Nigerian to any hardship,” Spokesperson for NNPC, Dr kennie Obateru said.

Edith Ike-eboh

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective.A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour.The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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