Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

January 3, 2023
Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has faulted Nigerians for the long queues at filling stations across the country.

According to the National Operations Controller of IPMAN, Mike Osatuyi, there’s no fuel scarcity in the country. He said queues resurfaced because Nigerians chose to buy fuel at filling stations selling at a cheaper price.

Join our WhatsApp Channel

Osatuyi explained that motorists and other fuel consumers avoid retailers selling petrol above N180 per litre, as a result, the filling stations selling at lower prices are overwhelmed.

It was gathered that filling stations belonging to the Nigerian National Petroleum Company (NNPC) Limited, Major Oil Marketers Association of Nigeria (MOMAN), and independent petroleum marketers sell at different prices.

The independent petroleum marketers sell at over N200 per litre, NNPC retail stations sell at N179 per litre, and major oil marketers sell at N180 per litre.

As a result, motorists and other fuel consumers patronise filling stations offering the lowest price. Osatuyi said this is the reason for the long queues experienced at retail stations.

“There is petrol in the country. No more scarcity, however, the long queues you still see on the expressways are caused by those who want to buy petrol at N180 per litre.

“Otherwise, those who can afford the more expensive product can easily drive into other stations and buy without queuing up,” Osatuyi told Punch in a report on Tuesday. 

Meanwhile, the Trade Union Congress (TUC) has asked that the Federal Government make the pump prices N180 per litre at filling stations. 

Also, the union spoke against the removal of fuel subsidy without the country refining its own product, stating that some politicians want the subsidy removed, but want to continue importing the product at exorbitant prices. 

“The TUC rejects the clamour by some politicians and political office holders to continue the importation of petroleum products at prohibitive costs while simultaneously, campaigning and making moves to stop fuel subsidy.  Politicians who love Nigerians would first return the country to local refining thereby creating mass jobs and making the products cheap, accessible and available before contemplating the removal of fuel subsidies. 

“We also demand that the Buhari government ensures that PMS is available and sold at the official pump price in fuel stations. The emergent culture of selling such highly inflammable commodities in jerry cans on street corners and residential houses must be stopped,” TUC stated.

+ posts

Featured Stories

Latest from Business

Naira Records Marginal Gain As External Reserves Hit $41.27bn In August

Dollar Records Mixed Fortune In Parallel, Official Markets

On Tuesday, February 3, the United States dollar (USD) increased in value to N1,457.91 kobo per $1 in the black market, above the N1,454.99 kobo/$1 recorded on Monday, February 2. The dollar rate increased by N2.92 kobo during trading in the black
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

IMG, Union Dicon Lift NGX Market Cap By N332.48bn

Over N332.48 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, February 3, after the all-share index (ASI) appreciated 0.31 percent. The gain was reflected in the market capitalisation, which increased from N106.16 trillion on
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Trading was sluggish in the Nigerian Exchange (NGX) on Monday, February 2, as the all-share index (ASI) expanded slightly by 14.23 basis points. The ASI closed at 165,384.63 index, up from the 165,370.4 ASI reported on Friday, January 30.Join our WhatsApp Channel
BBN Doyin Set To Release Her First Documentary
Previous Story

BBN Doyin Set To Release Her First Documentary

France Eiffel Scholarship Opens To International Students
Next Story

France Eiffel Scholarship Opens To International Students

Don't Miss

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Oil Hits $105 Ahead Of OPEC+ Meeting

Global oil price surpassed $105 a barrel ahead of the
Femi Kuti, Made Kuti, Davido and Tiwa Savage

Femi Kuti, Davido, Tiwa Savage, Others To Perform Live At Global Citizen In Lagos

Global Citizen in partnership with Nigeria Solidarity Support Fund (NSSF)