’Femi Asu, Okechukwu Nnodim, Daud Olatunji and Dennis Naku As more marketers raised the pump price of Premium Motor Spirit on Thursday, the Nigeria Union of Petroleum and Natural Gas Workers and the
Petroleum and Natural Gas Senior Staff Association of Nigeria have voiced their opposition to the deregulation of the downstream petroleum sector when the country is still relying on imports for refined products.
Although it released the ex-depot price for the commodity on Tuesday, the PPPRA had since remained silent as regards the guiding retail price for the month. When contacted to get the PPPRA’s comment on the development, its spokesperson, Kimchi Apollo, again did not answer phone calls on Thursday. “If we are refining in the country, a lot of costs will be taken away and Nigerians will be able to benefit. But as long as we are not refining, Nigerians will keep experiencing an increase in fuel prices if crude oil price continues to rise.
The two filling stations in front of the headquarters of the NNPC, Conoil and Total, for instance, moved up their petrol prices to N148.7/litre and 148.8/litre respectively on Thursday.
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