Depot owners have ignored the pricing template of Petroleum Products Pricing Regulatory Agency, PPPRA, thereby rendering ineffective the efforts of Federal Government to end the lingering fuel crisis.
The Vanguard reports that those used by Nigerian National Petroleum Corporation, NNPC, for throughput arrangement, boycotted the current PPPRA pricing template for petroleum products released on April 1, and, instead, have been using the pricing template for the first quarter of the year.
According to the President, National Association of Road Transport Owners, NARTO, Mr. Kassim Bitaya, the current fuel scarcity ravaging the various parts of the country was caused by PPPRA.
He said: “I expected that PPPRA should have called a stakeholders’ meeting like they did in the past before rolling out pricing templates. Rather, what we discovered was that they just rolled out the template without carrying the stakeholders along.”
“The pricing template, as presently designed, is faulty because some components ought not to be there in the first place, while some need to be reviewed either downward or upward,” he added.
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