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Petrol price still high in Yobe at N177 per litre

By Roseline Okere
16 March 2017   |   4:35 am
Despite efforts by the Nigerian National Petroleum Corporation (NNPC) to crash prices through massive importation supported by output increase from the local refineries, prices of fuels have remained high across the country.

PHOTO: fueltek.co.uk

Kerosene N455 in Lagos, diesel N280 in Adamawa

Despite efforts by the Nigerian National Petroleum Corporation (NNPC) to crash prices through massive importation supported by output increase from the local refineries, prices of fuels have remained high across the country.

High cost of petroleum products will impoverish Nigerians the more and cut deeper into the already pressured disposable income given the very high inflation rate and economic downturn in the country.

The National Bureau of Statistics (NBS), in its latest petroleum products price watch, released on Tuesday, disclosed that Premium Motor Spirit (PMS) also known as petrol, still sells as high as N177/litre in Yobe, while kerosene was astronomically high in Lagos at N455, Ogun, N425.44; and Ondo, 424.07 per litre respectively.

Likewise, average price paid by consumers for Automotive Gas Oil (AGO) or diesel increased by 3.68 per cent month-on-month and 68.74 per cent year-on-year to N249.38 in February 2017 from N240.52 in January 2017.

But, the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, insisted that the Corporation is doing its best to ensure abundant flow of products nationwide.

According to the Bureau, the average price paid by consumers for petrol increased by 50.1 per cent year-on-year and 0.7 per cent month-on-month to N149.8 in February 2017 from N148.7 in January 2017.

States with the highest average price for diesel were Adamawa, N280; Ebonyi, N272.5 and Cross River and Borno, 271, while those with the lowest were Oyo, N226.67; Bauchi, N226 and Osun, N220.

Similarly, states with the highest average price for petrol aside from Yobe, were Sokoto, N162.1 and Taraba, N161.7, while Lagos, N144.9; Delta, N144.8 and Osun N144.7 recorded the lowest respectively.

Kogi State had the highest average price in the North Central for February 2017, while Abuja had the least average price.Where Yobe State recorded the highest average price in the North East during the month, Gombe and Adamawa states had the least prices, while Sokoto State had the highest price in the North West and Kano the least.

Also, Ebonyi State had the highest average price in the South East while Anambra had the least, just as Bayelsa State had the highest in the South South and Delta the lowest, where Ondo State recorded the highest price in the South West and Osun the least.

For kerosene, while Lagos, Ogun, and Ondo states recorded the highest prices respectively, states with the lowest were Sokoto, N295.24; Gombe, N291.67; and Katsina, N286.11.

Among those with the highest price per gallon of kerosene were Yobe, N1,800.00; Kebbi, N1,687.50; and Akwa Ibom,1,636.36.In defence of NNPC, Ughamadu said the Corporation, apart from ramping up fuel supply nationwide, had also expanded daily truck load-out of petrol, diesel and kerosene, even during weekends to ensure improved products delivery to the hinterlands.

He added that the Corporation would provide additional marine logistics; all geared toward improving products movements from offshore to land, to cater for additional petrol supply nationwide.

Industry regulator, the Department of Petroleum Resources (DPR), said in a media statement signed by the Director, Mordecai Ladan, that the agency is aware of the unwholesome activities of some petroleum products marketers.

He said such marketers indulged in hoarding and diversion of petroleum products at their various trucks holding terminals across the country while also manipulating their retail dispensing pumps at the filling stations to the detriment of unsuspecting buyers.

He therefore warned marketers to desist from such sharp practices and deliver products lifted from the depots to the designated filling stations within the stipulated one to three days grace period, depending on the point of discharge.

Ladan assured the public that Government maintains adequate daily sufficiency of products while intensifying efforts to revamp and enhance the performance of its local refineries to fill-in any identified gaps.

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