Petroleum Marketers call for clarification on petroleum pricing policy

By Ifunanya Obeme-Ndukwe

Petroleum Marketers in Rivers state have called on the Federal government to make clear its directive on petroleum pricing policy in the country. River State Chairman of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Francis Dimkpa in an interview said the marketers want to know if the Federal government is proposing full deregulation of petrol in the country.

“What we are asking from the Federal government is clarification, clear cut direction for the petroleum pricing policy. If it is full deregulation, we know that it is full deregulation”, he said. Dimkpa said the concern of petroleum marketers is to know if the procurement process for importation will be equally sheared between all the importers and marketers.

He also noted that the absence of a functional refinery in the country questions the possiblity of a possible deregulation in the country. The PETROAN Chairman however promised that if petroleum marketers finally commence fixing of pump price for petrol, they will put in consideration the people.

“But I assure you, if there is full deregulation in this country, the marketers will do best to ensure petrol is procured at the best affordable price at the best quality”. Meanwhile; Nigerians are already reacting to the decision by the Federal government.

Some say the Federal Government should in collaboration with the marketers agree on a price rather that wield the power to petroleum marketers. The Petroleum Products Pricing Regulatory Agency, PPPRA, had on Thursday June 4th, removed the cap on the price of Premium Motor Spirit, PMS, also known as petrol, giving marketers the freedom to fix the price of the commodity and sell above the price stipulated by it.

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