New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course

New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course — Stakeholde

New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course — Stakeholder

A fuel pump (stock photo).

Barring last-minute interventions from the Presidency over the new adjustment in the prices of petroleum products in the country, the Nigerian National Petroleum Corporation, Petroleum Products Pricing Regulating Agency and Petroleum marketers are set on a collision course that is likely to affect the distribution of products in the country.

These were the views of a stakeholder in the industry who spoke to Vanguard on a condition of anonymity, warning that unless the Presidency wades in to clear the air, the advice given to the NNPC by the PPPRA to make some deductions from the Marketers has become a major problem.

According to the top industry stakeholder, “though it is not something that should cause any worry ordinarily, under the current situation, those who are in the office cannot just pick their pen and endorse advice that can cause major harm to those who are dealing directly with consumers.

“There is an N3:80k deduction from what is due to the Marketers which the PPPRA had wrongly advised the NNPC to implement and it is a cost which the Marketers are unwilling to transfer to the consumers.

“We expect the government to wade into the matter and settle it among us amicably so that the distribution of products would not be affected in any way.

“Ordinarily, what the marketers expected was not a deduction but an improvement in what the Marketers were getting as the margin, but you would be shocked that what we are getting is to go and work with a reduction in what is due to us.

“Meanwhile, the screaming headlines in the media are calling out Marketers as if we were the ones making life unbearable for Nigerians.” the sources submitted.

When asked if the position was that of both the Major and Independent Marketers, the source disclosed to Vanguard that it is a common problem that they are confronting as one body.

“You will observe that since I called you, I have told you that I am a Stakeholder but I did not tell you if I was speaking for MOMAN or IPMAN.

“Just go and see the headlines in some national papers today, Marketers are being called out on the issue of the new pump prices and not those who are in the boardroom and deciding the fate of everyone else, including the consumers.

“We do hope that those who appointed them will step in and resolve the grey areas so that we can prevent unnecessary tension in the country.

“It does not make any business sense for any Marketer to invest in outlets and deliberately take steps that would affect the flow of supply in the outlets.

“Whether Marketers are members of Major or Independent Marketers Association, they are both in the business of product distribution and are both facing the same challenges from the Depot to their outlets.

When Vanguard made telephone contacts with the Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Alhaji Suleiman Yakubu, he declined comments until he had some facts on the new pricing.

In his words, “honestly my brother, I cannot make comments now because as we speak, I am even bereaved. I lost my father on Sallah day and we are still on family matters.

“We all saw the new pricing regime in the media while we were still away on holidays, and my family engagements have made me stay away from Abuja longer than I had planned.

“As soon as I get any information that the media can use on the matter, I will surely get back to you.

Court orders Okowa government to account for over N200bn education funds, allocations

Court orders Okowa government to account for over N200bn education funds, allocations The Federal High Court sitting in Lagos, in a landmark judgment, has “ordered the disclosure of the spending details of over N200bn public funds collected by the government of former Delta State governor Ifeanyi Okowa from the Universal Basic Education Commission [UBEC] fund and allocations from the Federation Accounts.” The court ordered the Delta State Governor Sheriff Oborevwori to “disclose details of budgetary allocations and actual spending by the Okowa government between 2015 and 2019, including specific projects carried out to improve primary education in Delta State, and the locations of such projects.” The judgment was delivered by Honourable Justice Daniel Osiagor, following a Freedom of Information suit number: FHC/L/CS/803/2019, brought by Socio-Economic Rights and Accountability Project (SERAP). In his judgment, Justice Osiagor held that, “SERAP has cognizable legal right to inquire and

Olu Of Warri Defends Tradition, Speaks on Christianity

Olu Of Warri Defends Tradition, Speaks on Christianity The Olu of Warri, His Majesty Ògíamẹ̀ Atúwàtse III, has dispelled the insinuation that there is a conflict between the traditional thrones and Christendom. The monarch, who stated this when he received the Soun of Ogbomoso land, Oba Ghandi Afolabi Olaoye, Orumogege III, in his Palace in Warri Kingdom, Delta State, said that the two institutions were not necessarily antithetical. He also debunked the assumption that traditional institutions were synonymous with fetishism and the worship of creations made by human beings and reasoning. He, however, noted that the two institutions can play complementary role that will contribute to the growth and development of the country. The Olu, who said he was elated by the Soun’s visit, said the new Ogbomoso monarch’s choice of Warri kingdom as his first place of visit was divinely directed, just as his choice for the throne was divinely ordained. He said that they owe i

Many Benefited as Tantita Save Niger Delta From Enviromental Ruins

Many Benefited as Tantita Save Niger Delta From Enviromental Ruins It is on record over the past twenty years in the Niger Delta region, South-South Nigeria where incessant fire disaster and untimely death was on the increase in weekly basis as result of the activities of illegal oil bunkering, especially the process of local refining popularly known as Kpo-Fire. The menace also renders our young married ladies widows in the ljaw riverine communities because most of their life partners venture into the Kpo-Fire business due to its lucrative nature in making quick money. To proof your doubt, take a tour to any of the ljaw riverine communities across Burutu, Warri South-West, Bomadi, Patani in Delta State, and Southern ljaw, Ekeremor, Nembe and Brass LGAs in Bayelsa State, you will discovered that most of our youths are facially disfigured in parts of their body as result of severe fire accident incurred during cooking and burning (refining) of crude oil to kerosene, fuel and desiel for

FocalPoint Reports

Search This Blog