Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Fuel Price hike: Nigerian marketers short-change motorists

    Fuel Price hike: Nigerian marketers short-change motorists

    May 16, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Fuel consumers waiting at a filling station.
    *Fuel consumers waiting at a filling station.

    16 May 2016, Abuja — Petrol stations in the country seem not to be satisfied with the recent hike in the price of petrol to between N135 and N145 per litre, as a majority of them now resort to under-dispensing of the product.

    It was observed in Abuja and environs that a number of the petrol stations, though selling at N145 per litre, had manipulated their pumps, and were now defrauding motorists with incorrect measurements.

    Petrotec filling station in Suleja, Niger State, along the Abuja-Kaduna Expressway, was selling at N135 per litre, but a motorist complained that he bought 20 litres of petrol but was served about 15 litres.

    At the NNPC Mega Station at Kado in Abuja, one motorist complained that before the hike, it took N2,500 to fill his tank when it was at half tank but was shocked to spend N5,000 to fill his tank in the same position at the NNPC petrol station.

    He wondered why it would take double the initial amount when the price was not doubled. Motorists called on the Department of Petroleum Resources, DPR, and other regulatory agencies to come to the aid of motorists and sanction defaulting petrol stations.

    Meanwhile, the Nigerian Association for Energy Economics, NAEE, weekend, emphasized the need for the Federal Government to fix the country’s refineries, stating that if all the refineries were working at about 80 to 90 percent capacity, the price of Premium Motor Spirit, PMS, would drop to between N115 and N125 per litre.

    Addressing newsmen in Abuja, Professor Wumi Iledare, President, NAEE, also called for the proper calibration and adjustment of the Petroleum Product Pricing Regulatory Agency’s, PPPRA, pricing template for a market dictated margin.

    *Michael Eboh – Vanguard

    Related News

    Nigeria’s Dangote refinery plans 1.6 mln barrels fuel storage tanks in Namibia, sources say

    Nigeria’s oil rig count hits 46 – NUPRC

    UAE says markets thirsty for oil despite boosts in OPEC+ output

    E-book
    Resilience Exhibition

    Latest News

    Nigeria’s Dangote refinery plans 1.6 mln barrels fuel storage tanks in Namibia, sources say

    July 9, 2025

    Nigeria’s oil rig count hits 46 – NUPRC

    July 9, 2025

    UAE says markets thirsty for oil despite boosts in OPEC+ output

    July 9, 2025

    Ghana warns of power cuts while Italy’s Eni works to boost gas supply

    July 9, 2025

    Battery electric cars produce 73% less emissions -research

    July 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.