Fuel Scarcity: ‘We’ll Not Lift PMS For Depot Owners Selling Above N148.77’ – NUPENG

• NUPENG says it will not lift PMS for depot owners selling above the official price

• Nobody has given official statements that PMS is no longer under subsidy regime and in that wise, the general public cannot be buying products at N250, N220, N180, from the depot

EKO HOT BLOG reports that the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Tuesday, warned that it will not lift products for depot owners selling Petroleum Motor Spirit (PMS) above the official depot price of N148.77.

This is coming after the Independent Petroleum Marketers Association of Nigeria (IPMAN), which has been having a face-off with NUPENG over the illegal increase in the pump price of petrol.

Read Also: Fuel Scarcity: NNPC To Supply More Fuel As Queue Persists

NUPENG’s Secretary-General, Mr Afolabi Olawale stated this in an interview with the News Agency of Nigeria (NAN) in Lagos.

“One of the lines of action we are going to take is any depot that is not selling at the official rate, our members will not carry their products, “he said.

On February 26, the union issued a 24-hour Ultimatum with effect from midnight, Feb. 27 to marketers to revert to the official rate of N148.77, NAN reports.

The union had accused the marketers of exploiting Nigerians by selling PMS from the depots at prices far above the official rate.

Olawale said: ”Depot owners are not the ones directly importing the products and are taking products from NNPC.

“Nobody has given official statements that PMS is no longer under subsidy regime and in that wise, the general public cannot be buying products at N250, N220, N180, from the depot.

“We are asking all these depot owners to stop exploiting the general public and sell at an official rate,“he said.

The official depot price, also known as an ex-depot price, is the price at which depot owners sell the product to retail outlets and fuel marketers across the country.

This online media platform recalls that last month, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had confirmed the importation of petrol with methanol quantities.

The development caused long queues across major cities as many filling stations shut down services to contain the spread of the off-spec petrol.

Last Friday, the union had issued a 24-hour ultimatum, with effect from February 27, to marketers to revert to the official rate of N148.77.

The union had accused the oil marketers of exploiting Nigerians by inflating the prices of PMS from their depots. 

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