Addressing Persistent Petrol Market Disruptions, Operators’ Disenchantment

The chief executive said the public should take note that the current stock sufficiency stood at 35.39 days for PMS, 34.86 days for Automotive Gas Oil and 31.36 days for Aviation Turbine Kerosene .

Although, the Independent Petroleum Marketers Association of Nigeria said that there ought to be a uniform pricing structure after the NNPCL intervention, LEADERSHIP Sunday, finding showed that some operators especially among the Independent marketers sell above agreed pump price of between N185, N210 depending on the region.

Due to this act, customers spend 2 hours on queue as the filling staions are mostly populated by smugglers who buy in large quantity for onward smuggling to neighboring Benin Republic. LEADERSHIP Sunday gathered from sources that Independent Marketers receive products from NNPCL in Lagos at N172 per liter and after associated costs to land it at outlets it should be sold at N185 per liter.

National president of the association, Dr Billy Gillis-Harry, told our Correspondent that, because of associated costs and different operating environments, prices tend to differ. To facilitate transparency therefore, the Marketers Association of Nigeria, , has called for the automation of the industry. Executive secretary of MOMAN, Mr Clement Isong, while speaking at a virtual workshop on world international data day in Lagos emphasised the importance of data and automation in the downstream business.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors lose N313bn as market cap dropsLess than a month after hitting N30 trillion in market capitalization, the Nigerian Exchange Limited has suffered N313bn loss to dip to N29.915 trillion. Urgent sale!! Distress sale! This property is fenced and gated, with good access road. just buy and build, suitable for residential, hostel, etc. Dry land, very close to uniport Location: Aluu, just behind Uniport campus. Price: 6M (2 plots) Contact: 09038980962 Very good let the suffering continue as Nigerians no wan get sense
Source: MobilePunch - 🏆 8. / 63 Read more »

Stock Market Maintains Negative Trend, Decline by N313bn – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Kano Market InfernosIn less than two weeks, three major markets in Kano have witnessed fire incidents that destroyed goods worth hundreds of millions of naira, leaving traders
Source: LeadershipNGA - 🏆 4. / 77 Read more »

JUST IN: Fire razes another Borno marketFire on Saturday razed down parts of the second market in the metropolis, Gamboru Market, in Borno State. Awwwwn fire nation🥺 🙁🤦🏾‍♂️ Omg 😱
Source: MobilePunch - 🏆 8. / 63 Read more »

Shops destroyed as fire razes another market in Borno | TheCableThere was a fire outbreak on Saturday which affected dozens of shops at the popular Gamboru market in Maiduguri, the Borno capital. NAN reported that the fire outbreak began around Why does inferno consuming markets normally chose election days, last time I checked Monday market got burnt during presidential election, and today is another episode during guber election. May Allah replace the lost to the shop owners in doubles Amin. Whose shops are they always burning over there?
Source: thecableng - 🏆 2. / 80 Read more »