…By Dorcas Funmi for TDPel Media. Motorists in Kano State have shown reluctance in purchasing petrol at the Nigerian National Petroleum Company Limited (NNPCL) Mega Station located in Hotoro, Tarauni Local Government Area.
This follows the recent increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, from N537/litre to N617/litre at various NNPCL filling stations.
Independent oil marketers have confirmed the rise in fuel costs, emphasizing that such price adjustments by NNPCL stations typically indicate a broader increase in PMS prices.
Impact of NNPCL Pricing Decisions:
NNPCL’s role as the major petrol importer in Nigeria grants them significant influence over the market.
Mohammed Shuaibu, the Secretary of the Independent Petroleum Marketers Association of Nigeria Abuja-Suleja, stated that NNPCL’s pricing decisions greatly affect the overall pricing structure.
While other marketers are gradually importing petrol, NNPCL remains the primary importer, contributing to the current price increase.
Motorists React to Price Hike:
In response to the increased petrol prices, motorists have chosen to avoid NNPCL filling stations.
Daily Trust reported that some consumers had arrived at the station expecting to purchase fuel at N540 per litre but left immediately upon being informed of the price hike.
Dissatisfied with the situation, Nura Isiya, a tricycle operator, expressed his dismay, stating that the new prices were exorbitant and questioned the direction the country was heading.
Another motorist, Shamsuddeen Muhammad, opted to buy from independent marketers who had not yet adjusted their prices.
Public Frustration and Uncertainty:
Motorists and passengers alike expressed their frustrations regarding the sudden price increase.
Some questioned why the government had implemented the change without any prior announcement.
The lack of transparency in decision-making further fueled discontent among the public.
It was observed that over 30 trucks loaded with fuel were parked outside the premises of the State NNPC Depot, with two additional trucks preparing to offload diesel and petrol at the mega station.
Petrol Price Surge Extends to Abuja:
In Nigeria’s capital, Abuja, the price of petrol has also risen from N537/litre to N617/litre at various NNPCL filling stations, mirroring the situation in Kano.
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