Petrol Price Speculation Surfaces, See Reps FRESH Memo To FG; Read Explosive Details Below
The House of Reps has asked the Nigerian government to ask the NNPC to allow Independent marketers to lift petrol from Dangote Refinery. A member of the House, Oboku Oforji, disclosed that if the situation is not tackled, it could worsen the current petrol scarcity.
He said that the government needs to dismantle the NNPC monopoly and allow independent marketers to buy petrol directly from Dangote.
On Thursday, the House of Representatives asked the Nigerian government to direct the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Refinery to allow independent marketers to begin product lifting from the newly built Dangote Refinery.
The Reps resolved following adopting a motion of urgent public importance sponsored by the member representing Yenogoa/Opokuma Federal Constituency, Bayelsa, Oboku Oforji.
NNPC’ s Monopoly Spells Doom For The Industry
Oforji said that the lawmakers are worried that the NNPC and significant marketers are exclusive distributors of Dangote petrol, which creates a monopoly.
He said that if immediate action is not taken, the petrol scarcity will worsen Nigerians’ suffering and badly affect the economy. Oforjis disclosed that representatives of the Independent Marketers Association of Nigeria (IPMAN) may resort to petrol imports again to sustain their businesses.
He praised the Dangote Group for starting petroleum refining, saying that the achievement has put Nigeria among the top energy producers globally and that the journey to energy security has begun.
Punch reports that the lawmaker disclosed that the Nigerian economy would be the brunt of the NNPC and that significant marketers’ monopolies would not be arrested.
To address the concerns, the House asked the Dangote Refinery Management to build, acquire, or partner with industry stakeholders to establish tank farms or depots nationwide to boost petrol availability.
NNPC Gives Reason Marketers Cannot Lift Dangote Petrol
Legit. ng earlier reported that the executive vice president of NNPC downstream, Adedapo Segun, said that independent marketers cannot yet lift petrol from Dangote Refinery due to the product’ s cost.
He said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved import permits. According to Segun, marketers always ask for permits from NMDPRA to import petroleum products, including PMS, but they do not import petrol because the market is not profitable.
On buying products from Dangote Refinery, Segun said that the Dangote petrol is sold at the market price and that the NNPC is the only company to offtake the product for now.
Source: Legit. ng
