The Federal Government has denied any increase in the pump price of Premium Motor Spirit, popularly known as petrol, despite the hike in the cost of the commodity across the country.
Asked if the NNPCL was reducing imports in a bid to tackle smuggling, or if it was due to the burden of subsidy, the marketer replied, “It is not that they are afraid of smuggling. They have not even come out to say products are going out of the country through smuggling.
The source added, “Marketers are forced to pay this amount, whether they want to pick from Conoil, Aiteo, MRS, Oando, or whichever. There was a time the downstream regulator came to complain about this to the head of the security agency involved, but he defended his boys and nothing was done to stop it
He stated that in the past, the NNPC used to pump from its jetty to depots, but noted that the pipelines had been destroyed, adding that supply from the national oil company had dropped. Shuaibu added, “Right now, there is a bigger problem in the North in terms of product availability. Supposing the Suleja depot has products, it can solve the problem overnight in Abuja and environs. But the Suleja tank is empty, whereas it is supposed to be a reserve that will solve the problem of Abuja and environs.
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