Fuel subsidy: Let’s shift to Autogas, FG tells MOMAN, IPMAN, others
On
Kindly Share This Story:
By Udeme Akpan
AS an immediate response to the rising price of petrol, and by extension, the return of fuel subsidy, the Federal Government has urged operators in Nigeria’s downstream sector of the petroleum industry to shift to Autogas.
The call becomes necessary as Autogas is cheaper, about 60 per cent of the current price of petrol, which price could have hit the roofs at about N181.53 per litre, without government intervention through the Nigerian National Petroleum Corporation, NNPC.
The breakdown provided by the Petroleum Products Pricing Regulatory Agency, PPPRA, showed that the landing cost of petrol rose from an average of N143.60 in December to N158.53 per litre on January 7, 2021.
Outrage As Filling Stations Refuse To Comply With N5 Reduction In Petrol Price
By Idowu Maryam
Despite the order from the Federal Government on December 8th, for a slash in the pump price of Premium Motor Spirit (PMS), known as petrol by N5 from Monday, motorists have continued to express frustration as most filling stations are yet to comply with the order.
The Breaking Times learnt that the two filling stations in front of the headquarters of the Nigerian National Petroleum Corporation in Abuja, Conoil and Total, are selling PMS at N166.5 and N168 per litre respectively.
Other stations like NIPCO, AA Rano and DanOil, sold at prices above N162 per litre as at Monday while NNPC filling stations in Abuja are selling at the new rate.
Punch Newspapers
Sections
’Femi Asu and Okechukwu Nnodim
Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to reflect the N5 reduction announced by the Federal Government last week.
After meeting with officials of labour unions in Abuja last week, the Minister of Labour and Employment, Dr Chris Ngige, announced that all parties resolved that the price of petrol be reduced by N5 per litre with effect from December 14.
But filling stations visited by our correspondents in Lagos, Abuja, as well as parts of Niger and Nasarawa states on Monday were still selling the petrol at between N163 and N168 per litre.
TODAY
AHA Taxis
Fuel marketers have kicked against the N5 reduction in petrol pump price announced by the Federal Government of Nigeria on Tuesday.
The marketers said the Federal Government does not have the power to determine the price of petrol unless the country returns to the subsidy system.
The Minister of Labour and Employment, Dr Chris Ngige, had announced the petrol price cut at the end of a meeting with labour leaders which began around 9 pm on Monday and ended at 1:30 am on Tuesday.
“Our discussion was fruitful and the Nigerian National Petroleum Corporation, which is the major importer and marketers of petroleum products, and customers have agreed that there will be a slide down of the pump price of PMS and that the price cut will get us about N5 per litre and that the price cut will take effect from next Monday, a week today,” he had said.