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Marketers Demand Fuel Price Increase to N165 per Litter, FG Refused

Nigeria Petroleum Marketers have demanded an upward review in the pump fuel price of petrol from N145 to N165 Naira

Minister of State for Petroleum Resources Ibe Kachikwu fuel price

Marketers Demand Fuel Price Increase to N165 per Litter, FG Refused

According to the report, it was stated that petroleum marketers are now suffering lose of profit from the hands of dollar fall and now demanding the price of fuel to be increase to N165  Naira so they can be making their profit as usual.

We notice that this this is coming nearly four months after the government increased petrol price from N86 and N86.5 per litre N145 per litre.

On punch report it was stated that one of of the marketer who spoke to their correspondent said, “Let the government do the needful. We have already said it before that the price is not sustainable. When they fixed that price, dollar was N280 – N285; now the dollar is almost N400 and they want us to bring in products and sell at N145. It is not possible.

However Federal Government say no to the request of increasing fuel price again in Nigeria.

In a related development, the Chairman, Senate Committee on Media and Public Affairs, Senator Sabi Abdullahi, on Monday asked Nigerians to hold former GMDs of the NNPC responsible for the non-functional state of the country’s refineries and the non-profitability of the NNPC.

Sabi, who stated that he was not making his submission as the spokesman for the Senate but as the Senator representing Niger-North Senatorial District, in a chat with journalists in his office, said he was very disappointed with the recent comments credited to the ex-GMDs on fuel price.

He said, “As we have all known, refineries that we have in Nigeria have not been functional because if they had been functional and if that institution had been up and doing in tandem with its peers in other countries that have similar resources, for crying out loud, all of these former GMDs, can they be said to be free of blame on how we got here? Can they?

The Senator lamented that the refineries had failed to perform maximally under the military rule and the 16 years of Peoples Democratic Party’s administration.

Abdullahi said, “I think on this note, let me make it very clear that all of them that are speaking, they do not have the moral standpoint to even advise us on what to do because they had a hand in it (the problem) and I cannot see how you can solve a problem under the same condition that created it.”

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All Comments

  • If Government try increase petrol price again, then we’ll all kill our selve’s in the country. nonsense

    Felix Oduke September 6, 2016 2:01 pm Reply

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