NUPENG Explains Why Petrol Stations Sell at Different Prices

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National Union of Petroleum and Natural Gas Workers (NUPENG) has said that petrol stations now sell premium motor spirit (PMS) at different pump price because they load the products at different tank farms.

Mr Tokunbo Korodo, the South-West Chairman of the union told News Agency of Nigeria (NAN) that the Tank Farm owners add their own charges to the official price.

Korodo said “Instead of tackling the problem of vandalism, they turn to tank farm owners for dispensing of petroleum products. The tank farm owners were adding their own charges on the product brought to them by NNPC.

“Before now, we have just five tank farms at Apapa, but now, because people realised it’s a lucrative business, we have over 50 tank farms.
Most of them that did not have money to import, they depend on NNPC to supply the products to the depots.

“This has even degenerated into traffic gridlock at Apapa axis because of tankers waiting to collect the products. Presently, some private tank farms are selling for N87 without transport expenses. How do you expect the filling station to sell the product at the same price?

“Some of the filling stations that are selling at N87 have adjusted their pumps which is very bad.”

Mr Adekunle Bamigboye, Vice-Chairman, Western Zone, Independent Petroleum Marketers Association of Nigeria (IPMAN), also complained that marketers are not getting their products from NNPC Depots.

Bamigboye said “Marketers are not getting the product from NNPC depots. Out of the five depots in Western zone, four are not loading. Even the one that is loading does not have the product presently.

“If you go out now, hardly can you find any of the major marketers’ filling stations selling the product. We are paying extra money to get the product in the private depots.

“Until NNPC starts dispensing the product in their depots, it is very difficult to sell the product at the official price of N87.”

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