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Nigeria’s petroleum marketers are upbeat they volition merchantability Premium Motor Spirit (Petrol) cheaper than that of Nigerian National Petroleum Company Limited if Dangote Refinery begins nonstop merchantability of petrol to them.
The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike disclosed this successful an exclusive interrogation with DAILY POST connected Monday.
Ukadike gave this assurance portion giving an update connected petroleum marketers’ plans to straight acquisition petrol from Dangote Refinery.
This comes days aft the Federal Government done the Minister of Finance and Chairman of the Implementation Committee connected Naira-for-crude merchantability to home refineries, Wale Edun confirmed that marketers person been cleared to acquisition petrol straight from Dangote Refinery.
The improvement brought to an extremity the NNPC authorities arsenic the sole purchaser of Dangote Refinery.
Recall that upon the inaugural organisation of Petrol astatine Dangote Refinery, NNPC was the sole-offtaker.
However, Edun past Friday, said that portion of the implementation of the Naira-for-crude woody with Dangote Refinery was for marketers to assistance petrol straight without NNPC arsenic a middleman.
This comes astatine the backmost of the latest hike of petrol successful NNPCL filling stations to N1,030 per litre successful Abuja, portion different petrol stations merchantability astatine betwixt N1100 and N1,200.
Similarly, NNPCL fixed betwixt N1040 and N1100 arsenic ex-depot prices, that is the complaint petrol marketers are expected to bargain the merchandise astatine depots.
Meanwhile, marketers had earlier rejected the ex-depot terms by NNPCL.
Nigerian government’s support to marketers to assistance Dangote Petrol became a lifeline extracurricular substance import.
Reacting, Ukadike connected Monday said IPMAN members, who power 70 percent of filling stations nationwide, are awaiting Dangote Refinery to footwear disconnected nonstop petrol sales.
According to him, the nonstop acquisition of Dangote Petrol volition region each the fees added by NNPCL connected the product.
He stressed that arsenic soon arsenic marketers statesman acquisition of Dangote Petrol, their terms volition driblet beneath NNPCL’s existent substance terms of N1030 per litre successful Abuja.
“We are inactive waiting connected Dangote Refinery connected the nonstop merchantability of its petrol to our members and the terms template.
“Our petrol terms volition beryllium cheaper than that of NNPC Retail terms if Dangote Refinery sells petrol to us.
“Because we are buying from the aforesaid source, the interest NNPC puts connected apical earlier selling to marketers volition beryllium chopped off.
“We are not authorities workers, we don’t gain salaries, our profits look from turnovers.
“We are hoping we person a gathering with Dangote Refinery Tomorrow (Tuesday) oregon soon,” helium told DAILY POST.
Similarly, the President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry told DAILY POST that Dangote Refinery is yet to respond to its petition missive for nonstop acquisition of PMS.
He noted that it would beryllium intolerable for marketers to acquisition Dangote Petrol without a terms template.
“They person requested a missive from us, but we’ve not received an update aft sending the letter.
“Till today, they person yet to archer anybody however overmuch they are selling their product. They expect america to instrumentality our trucks to the refinery works without knowing the terms of petrol?
“We’re consenting to enactment Dangote Refinery”, helium told DAILY POST.
Meanwhile, petrol marketers’ assurance is not formed successful chromatic considering the fuel terms hike recorded successful the weeks upon the Dangote petrol distribution.
An lipid and state expert, Olabode Sowunmi connected Monday said Dangote Refinery did not commence home accumulation of Premium Motor Spirit (petrol) to merchantability astatine a inexpensive price to Nigerians.
Fuel terms hike nether Tinubu
DAILY POST recalls that substance terms accrued to N1030 past Wednesday, October 9, 2024, from N238 successful June past twelvemonth upon President Bola Ahmed Tinubu’s inauguration.
In June 2023, Tinubu announced substance subsidy removal which led to a petrol hike to supra N600 per liter from N238.
On September 16, 2024, NNPCL effected substance terms hike which saw the merchandise summation to betwixt N1,030 and N1,200 per litre.
Diesel, cooking gas, energy terms spike
Apart from petrol, Automotive Gas Oil, Liquefied Petroleum Gas (12 kilogram) accrued to N1406 per liter and N15,552.56, respectively successful August 2024 from N854.32 and N9,194.41 the aforesaid play past year.
The occupation of precocious vigor costs, skyrocketing nutrient prices and Naira fluctuations astatine the overseas speech marketplace person been fueling economical hardship nether President Bola Ahmed Tinubu’s government.
In April this year, the Nigerian Electricity Regulatory Commission approved a 240 percent tariff hike for set A customers getting 20 hours of powerfulness supply.
The hike means energy customers nether set A feeder wage N209.5 per Kilowatt-hour from N66.
The hike comes contempt Nigeria inactive grappling with 5000 megawatts of energy proviso for a colonisation estimated to beryllium implicit 200 million.
This is besides arsenic the incessant nationalist grid collapses person worsened Nigeria’s powerfulness assemblage woes.
DAILY POST reports that the National grid collapsed connected Monday, for astatine slightest the 5th clip successful 2024.
Meanwhile, TCN said the strategy restoration had commenced.
Tinubu is assured Nigeria volition flooded economical hardship
However, speaking connected Monday astatine an variation of the Nigerian Economic Summit Group (NESG), Tinubu expressed assurance that Nigeria tin flooded its economical challenges.
Tinubu represented by Vice President Kashim Shettima said “The challenges earlier america tin beryllium flooded with the close policies.
“I implore each Nigerian that the situation earlier america is not insurmountable, if we collaborate, we’ll overcome”.
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