Nigeria: Petrol Price Cut - Oil Marketers Still Sell At N170 Per Litre - Investigation allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
By Udeme Akpan & Ediri Ejoh
Barely a week after the Federal Government had slashed the price of petrol from N166 to N162.44 per litre, oil marketers continue to sell the product at between N166 and N170, according to Vanguard investigation.
The investigation showed that the oil marketers, especially members of the Independent Marketers Association of Nigeria, IPMAN, and Major Oil Marketers Association of Nigeria, MOMAN, still sell the product at the old price nationwide.
In an interview with Vanguard, weekend, Chairman of MOMAN, who also doubles as Managing Director, 11 Plc, Mr. Adetunji Oyebanji, said the reduction was not in the best interest of the downstream sector.
Petrol Price Cut: Oil marketers still sell at N170 per litre Investigation
On
By Udeme Akpan & Ediri Ejoh
Barely a week after the Federal Government had slashed the price of petrol from N170 to N162.44 per litre, oil marketers continue to sell the product at N170, according to Vanguard investigation.
The investigation showed that the oil marketers, especially members of the Independent Marketers Association of Nigeria, IPMAN, and Major Oil Marketers Association of Nigeria, MOMAN, still sell the product at N170 per litre in many parts of Nigeria.
The marketers argued that they were not officially aware of any reduction, stressing that they were never carried along on the matter.
He, however, said the problem started in Nigeria last year when a disease known as purple blotch attacked farms, which affected the harvest and thereafter depleted onion reserve in the country.
“About N4 billion worth of farm investments were lost, mostly in Kebbi, Sokoto and Gombe states. We wrote to the appropriate authority about the issue, but nothing was done.
“There was also the issue of COVID-19 lockdown when movements were restricted in many states.
“Onion is a perishable produce, so a large number of the commodity got perished at both storage and market facilities at the time,’’ he said.
Minister of Agriculture and Rural Development, Sabo Nanono. Photo: TWITTER/FMARDNG
Mr Sabo Nanono, the Minister of Agriculture and Rural Development, says there is the need for Nigerians to accord agriculture its prime position a good replacement for the dwindling crude oil.
Nanono gave the advice on Owerri at a one-day workshop organised for maize growers and processors by the Maize Growers, Processors and Marketers Association of Nigeria (MAGPMAN).
The News Agency of Nigeria (NAN) reports that the programme, with theme: “Post-Harvest Management of Maize Stakeholders Conference- under the CBN Maize Anchor Borrowers Programme (ABP)” , had many farmers, especially maize growers in attendance.