The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says there is no basis for the current scarcity and price increase of premium motor spirit (PMS) across the
said data made available to the union showed there was over 30 days PMS sufficiency in the country.The association regretted the hardship that Nigerians were being subjected to as a result of the scarcity and price increase.“We understand that the parameters imputed into the old Petroleum Products Pricing Regulatory Agency and now Nigerian Midstream and Downstream Petroleum Regulatory Authority template has since changed,” the statement reads.
“However, there is no sufficient justification for petrol to be selling for such highly inflated price, thereby subjecting the masses to further difficulties.”PENGASSAN urged the management of NMDPRA to compel all marketers and retailers to make the products available at the approved price. To act as a deterrent, PENGASSAN asked the authority to revoke the licenses of marketers who fail to comply.
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