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Petrol Can No Longer Sell For N145 – Oil Marketers 

Oil marketers under the aegies of Depot and Petroleum Marketers Association of Nigeria (DAPMAN), have said they can no longer continue to import and sell petrol at N145 per liter. The oil marketers disclosed this when they had a meeting with top government officials at the presidential villa on Tuesday in Abuja. 

 The marketers insisted that selling petrol at N145 a litre was no longer profitable as the price of crude oil in the international market has risen and this hautomatically affects the price of refined products

Chairman of DAPMAN, Dapo Abiodun, told journalists that the meeting was called by the government to find a lasting solution to the cause of the petrol scarcity.

“Today’s meeting was called at the instance of the Chief of Staff to the President and it was to find out exactly what happened, where we had the problems we had in December with the supply of petrol and how Nigerians were made to go through the pains and suffering. He wanted to know the truth and to ensure that going forw problem will be solved once and for all. And that is why you saw that we sat in here from 2pm and the meeting just finished after three and half hours”. 

A lot of issues were raised and a committee was constituted that will meet tomorrow under the chairmanship of the minister of petroleum to further go into the nitty-gritty and to ensure that these problems do not reoccur again.

“From our point of view as marketers, we made our submission known to government and we emphasised the fact that this was not a marketer-related problem. 

There was no hoarding on the part of any marketer. Marketers are your brothers, they are Nigerian citizens, they are businessmen, no marketer makes money from hoarding petroleum products, our business is to take petrol and sell. We explained that the problem that you saw is not willful on the part of anyone either NNPC or marketers. The situation, from our point of view, is that from January to December, the price of crude remained relatively stable. Following the Hurricane Katrina in the month of September, October, crude prices went up and marketers lost the ability to import and sell at N145 per litre.

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About Olaniyi Apanpa (527 Articles)
Olaniyi Apanpa is a media practitioner and sports enthusiast. Contact at greenballmedia51@gmail.com

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