Ondo filling stations shut down operations

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Following little reduction in petroleum pump price by the federal government, independent marketers in Ondo State have refused to dispensed petrol to consumers because of thy alleged was unfavourable price enforcement.

Daily Times correspondent observed, on Monday, that all the petrol stations in Akure, the state capital, refused to sell to motorists.

It was found that the marketers decided to shut down operations in protest against the N86. 50k per litre allegedly forced on them by the federal government.

The action has caused long queues in most of the petrol station as vehicles were seen at the entrance of gates of many of the major marketers who mostly sold during scarcity periods. ‎

Some managers of the petrol stations told journalists that they were protesting against the price that the federal government said they should sell.

One of them told the Daily Times that the price was not profitable for their business. ‎

“We have been told to close our station because we learnt that the government wanted to force us to sell at N86.50 per litre. We did not even buy the petrol at N86.50 at the depot, so how can we be selling at the official price”, he queried.

Reacting to the development, the Chairman of the Independent Petroleum Marketers Association of Nigeria, Ore depot, Mr. Bayo Olowokere, explained that many marketers did not open for operation, since they have refused to sell at the federal government’s regulated price of N86.50 per litre.‎

Olowokere maintained that federal government could not force the independent marketers to be selling at the new official price as they did not buy the product at the regulated price.

He added that most of the independent marketers were buying at different private depots across the country as a result of the insufficient supply of the product from the NNPC depots.

“No marketers has bought the product at the regulated price and the reduction is ridiculous, but the question is: are we getting the product at the regulated price? That is what we are fighting for”, he added.

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