-In a response to the Minister of Petroleum, Dr. Emmanuel Ibe Kachikwu, PMS marketers reveal their disengagement from the role of importing the petroleum products into the country.
The union announce its decision on the rising price of crude oil which has culminated in the increase of the price of the Premium Motor Spirit (PMS) otherwise known as petrol.
The marketers had since stopped importing the product, making NNPC the sole importer since the removal of petroleum subsidy and increase of pump price to a maximum of N145 per litter.
It was learnt that the federal government in attempt to reduce the petroleum pump price has resorted to removing the middlemen in the distribution chain and reduce the cost of the petrol.
Owing to this, the Federal Government has removed the intermediary the Depot and Petroleum Products Marketers Association (DAPPMA), from who the independent marketers were getting the fuel.
One of the fundamental decision that the meeting arrived at was that there will be no increase in the price of the petrol. And which the petroleum minister also confirmed and also added that filling station caught hiking the pump price will be severely penalized.
It was further revealed that the minister has raised a committee to look into the Premium Motor Spirit (PMS) scarcity that crippled transportation in the country since December last year.
A close source close to the minister revealed saying “They told us that instead of a triple arrangement, they will be giving independent marketers their products directly. This is to enable us get our product direct and sell at the pump price. This is instead of passing it through DAPPMA to IPMAN. Even though minister said that he doesn’t want the information to leak until he informs Mr. President.