Energy
We’ll not lift PMS for depot owners selling above N148.77 – NUPENG
We’ll not lift PMS for depot owners selling above N148.77 – NUPENG.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says its members will not lift products for depot owners selling Petroleum Motor Spirit (PMS) above official depot price of N148.77.
NUPENG’s Secretary General, Mr Afolabi Olawale stated this in an interview with Newsmen on Tuesday in Lagos.
“One of the lines of action we are going to take is any depot that is not selling at the official rate, our members will not carry their products,“he said.
According to the News Agency of Nigeria, the union on Feb. 26, issued a 24-hour Ultimatum with effect from midnight, Feb. 27 to marketers to revert to the official rate of N148.77.
The union had accused the marketers of exploiting Nigerians by selling PMS from the depots at prices far above the official rate.
Olawale said:”Depot owners are not the ones directly importing the products and are taking products from NNPC.
“Nobody has given official statements that PMS is no longer under subsidy regime and in that wise, the general public cannot be buying products at N250, N220, N180, from the depot.
“We are asking all these depot owners to stop exploiting the general public and sell at official rate,“he said.
-
Featured6 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Latest1 week agoGlobal excitement builds as Healing Streams Live Services returns October 23
-
Featured6 days ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business1 week agoPresident Tinubu and the Low Transport Fares Fiasco
-
Business4 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Business6 days agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest6 days agoBreaking: NNPCL raises petrol price to ₦1,405 per litre amid discount controversy
-
Business1 week agoRite Foods targets beverage market growth with LIDA Malt


