By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: PENGASSAN Decries Current Hardship, Scarcity, High Cost Of Petrol
Share
Sign In
Notification Show More
Latest News
Sexual Harassment: Two Courts Summon Akpabio, Nwaebonyi Over Senator Natasha
Judiciary Legal/Courts News
President urges AFFOSA members to celebrate Sallah with moderation, unity
Metro News Religion
Obasanjo Leadership Institute (OOLI) to Be Model for Africa – President John Mahama
Metro News
NATCOM-UNESCO, stakeholders push AI in education
Metro News
TVET to address outdated curricula, weak industry linkages, says FG
Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Oil & Gas > PENGASSAN Decries Current Hardship, Scarcity, High Cost Of Petrol
Oil & Gas

PENGASSAN Decries Current Hardship, Scarcity, High Cost Of Petrol

Publisher
By Publisher Published January 30, 2023
Share
4 Min Read
SHARE

Long fuel queue along Airport Road FCT

…Threatens Joining Forces With Stakeholders To Take Action

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday said there is no sufficient justification for Premium Motor Spirit PMS otherwise known as Petrol to be selling for such highly inflated price, thereby subjecting the masses to further difficulties across the country.

In a statement signed by Dr. Jerry Amah Jr, PENGASSAN’s Senior Assistant General Secretary, Research and Development/ Media and Communication, the association its recent research revealed that there is over 30 days PMS sufficiency in the country; hence there is no basis for the current scarcity and hardship that Nigerians are being subjected to.

- Advertisement -
Ad image

PENGASSAN stated that some overbearing Marketers have deployed methods of creating artificial scarcities in other to hike the price of the product uncontrollably, noting that the prices of the product now sells between N185 to N400 depending on one’s location and outlet.

The association therefore called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to compel all marketers and retailers to make the products available at approved price, urging the Authority to immediately mobilize all their staff in various locations across the country to monitor compliance and anyone found wanting, should have their license revoked to serve as deterrent.

PENGASSAN further warned that Should the exploitation go on unchecked, it will not hesitate to partner with other stakeholders in ensuring that Nigerians are not further exploited.

“The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) empathizes with Nigerians on the hardship currently faced with the scarcity and drastic hike in the price of PMS.

“The national leadership of PENGASSAN has been following up with our members in NNPC Trading Limited who are responsible for assigning the products to marketers and our teaming members from NMDPRA in various depots and terminals across the country that are responsible for issuing cargo clearance, monitoring compliance, routing inspection, metering calibration/maintenance, accurate delivery to trucks, record keeping, etc. on the need to carry out their functions expeditiously.

“While we understand that the parameters imputed into the old PPPRA and now NMDPRA template has since changed because of some economic vagaries such as exchange rate fluctuation, vessel hiring cost and cost of AGO amongst others, there is no sufficient justification for PMS (Petrol) to be selling for such highly inflated price, thereby subjecting the masses to further difficulties.

“Even though we have some good marketers who tend to play by the rules, others who are overbearing have deployed methods of creating artificial scarcities in other to hike the price of the product uncontrollably as the prices of the product now sells between N185 to N400 depending on your location and outlet.

“From data available to us from our members, there is over 30 days PMS sufficiency in the country; hence there is no basis for the current scarcity and hardship that Nigerians are being subjected to.

“We hereby call on the management of NMDPRA to compel all marketers and retailers to make the products available at approved price. They should immediately mobilize all their staff in various locations across the country to monitor compliance and anyone found wanting, should have their license revoked to serve as deterrent.

“Should this collusion go on unchecked, we will not hesitate to partner with other stakeholders in ensuring that Nigerians are not further exploited. A stitch in time saves nine” the group warned.

Like this:

Like Loading...

Related

You Might Also Like

Seplat Energy is Redefining Nigeria’s Energy Destiny – Roger Brown, CEO

Seplat Energy’s 2024 Full-Year Performance Surpasses Board Expectations, Says Chairman Senator Udoma Udo Udoma

NCDMB Promotes Obinna Ezeobi PhD Ag. GM Corporate Communication

Seplat Energy Committed to Leading Nigeria’s Indigenous Gas Revolution

Bellazir Energy officially launches with bold vision to transform Nigeria’s downstream sector

TAGGED: Hardship, High Cost Of Petrol, PENGASSAN

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher January 30, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article 2023 Elections: NANS Urges FG To Shut Schools To Allow Students Vote
Next Article Fuel Scarcity, Naira SWAP: Afenifere Warns FG Against Stalling 2023 Elections
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Sexual Harassment: Two Courts Summon Akpabio, Nwaebonyi Over Senator Natasha
Judiciary Legal/Courts News June 4, 2025
President urges AFFOSA members to celebrate Sallah with moderation, unity
Metro News Religion June 4, 2025
Obasanjo Leadership Institute (OOLI) to Be Model for Africa – President John Mahama
Metro News June 4, 2025
NATCOM-UNESCO, stakeholders push AI in education
Metro News June 3, 2025

You Might also Like

BusinessNewsOil & Gas

Seplat Energy is Redefining Nigeria’s Energy Destiny – Roger Brown, CEO

May 30, 2025
BusinessNewsOil & Gas

Seplat Energy’s 2024 Full-Year Performance Surpasses Board Expectations, Says Chairman Senator Udoma Udo Udoma

May 19, 2025
BusinessMediaNewsOil & Gas

NCDMB Promotes Obinna Ezeobi PhD Ag. GM Corporate Communication

May 9, 2025
BusinessNewsOil & Gas

Seplat Energy Committed to Leading Nigeria’s Indigenous Gas Revolution

May 7, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d