Dealer Says Selling Petrol At Normal Price Impossible
Dealers of petrol in some states of the federation
have declared that it is impossible to sell petrol at the government
regulated price of N87 per litre.
The association of petrol dealers in Ondo and Ekiti state said the unavailability of petrol at the depots of the Nigerian National Petroleum Corporation has forced members to source for petrol in other places at high cost. They therefore warned against sealing the stations of those who sold more than the government approved price.
The Punch reports that Jimi Adedapo, the chairman of the association said that the selling price of petrol will be determined by the buying price too.
He revealed that the actual price of fuel in Lagos ranged between N104 and N108 per ltre, while the landing cost from Delta state was between N105 and N108 per litre. Expenses of logistics and payments of salaries would also need to be considered.
Adedapo said that his members would not open their stations to run the business at a loss.
“Rather than running our stations at a loss, since most of us are on loan from financial institutions, we have resolved not to procure the product until it is readily available at the NNPC depots”, he said.
He said the federal government should look into the fraudulent activities going on in the sector as that was the best way to deal with the situation.
“Let the marketers go and source for the product, if this is done fuel cannot be up to N87.00 and it will further go down to about N50.00 due to the falling crude oil price.
“Everybody knows that kerosene is being subsidised, but how many people get it to buy at N50 per litre recommended price?”
“We want members of the public to help us tell the Federal Government to remove the fuel subsidy so that we can sell fuel at appropriate price and remain in business. Subsidy is a fraud.”
Meanwhile, Governor Nasir El-Rufai of Kaduna state has suggested a revolutionary move to scrap the Nigerian National Petroleum Corporation.
READ MORE:www.naij.comThe association of petrol dealers in Ondo and Ekiti state said the unavailability of petrol at the depots of the Nigerian National Petroleum Corporation has forced members to source for petrol in other places at high cost. They therefore warned against sealing the stations of those who sold more than the government approved price.
The Punch reports that Jimi Adedapo, the chairman of the association said that the selling price of petrol will be determined by the buying price too.
He revealed that the actual price of fuel in Lagos ranged between N104 and N108 per ltre, while the landing cost from Delta state was between N105 and N108 per litre. Expenses of logistics and payments of salaries would also need to be considered.
Adedapo said that his members would not open their stations to run the business at a loss.
“Rather than running our stations at a loss, since most of us are on loan from financial institutions, we have resolved not to procure the product until it is readily available at the NNPC depots”, he said.
He said the federal government should look into the fraudulent activities going on in the sector as that was the best way to deal with the situation.
“Let the marketers go and source for the product, if this is done fuel cannot be up to N87.00 and it will further go down to about N50.00 due to the falling crude oil price.
“Everybody knows that kerosene is being subsidised, but how many people get it to buy at N50 per litre recommended price?”
“We want members of the public to help us tell the Federal Government to remove the fuel subsidy so that we can sell fuel at appropriate price and remain in business. Subsidy is a fraud.”
Meanwhile, Governor Nasir El-Rufai of Kaduna state has suggested a revolutionary move to scrap the Nigerian National Petroleum Corporation.
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