NewStats: 3,263,028 , 8,178,904 topics. Date: Wednesday, 04 June 2025 at 12:53 PM 17s4t

There are strong indications that pump price of Motor Spirit (PMS) popularly known as petrol will be raised by marketers. This is coming as the nation grapples with challenges in products distribution occasioned by recent off spec petrol importation by partners of the Nigerian National Petroleum Company (NNPC) Limited. A letter from NNPC Limited sighted by LEADERSHIP on Monday has introduced fresh marine charges for marketers.

LEADERSHIP investigations revealed that petroleum marketers and depot operators are currently meeting to agree on allowable adjustment any moment from now.

A highly placed industry source told our correspondent that the country will witness new pump price of petrol after marketers conclude their engagement.

A memo sighted by LEADERSHIP from NNPC Limited has introduced fresh marine charges for marketers.

The letter with Ref. NNPC/ML/STS01, dated 18th February, 2022, and addressed to all marketers, with the title, “Payment of STS Coordination Charge” signed by O.I O Ajilo on behalf of GGM Shipping, read thus:

“Please be informed that the NNPC Management has directed that effective (from) 10th February, 2022, the sum of N500,000 only will be charged for STS Coordination fee for each transshipment operation involving NNPC Marine Logistics.

“This amount is to cover manpower and logistics required for coordination and production of cargo documents for the transshipment operations.

“A remita payment request will be generated by our s section for each operation to effect necessary payment upon the vessels tendering notice of readiness (NOR),” NNPC said in the letter.

Our source revealed that the process of treating the off-spec PMS is ongoing as, advised by chemists and analytical laboratories, sludge extracts are being processed and disposed of without any harm to the environment.

The source, however, said the Petroleum Products Marketing Company (PPMC) brings in cargoes for the above process and for distribution to the buying public but they need to do much more.

But our source hinted that a point of serious concern to marketers is that while NNPC Limited and its business units, which are also ‘Limited’, are recovering all their costs by ing same to marketers, there is no approval for marketers to these costs to the pump buyer, but marketers cannot absorb these costs.

“For instance, a newly introduced cost is the bill of N500,000 imposed on marketers by NNPC for the ‘daughter vessel’ Bill of Lading/co-ordination fee.

“Prior to now, marketers charter NNPC vessels and pay in Naira. However, we are now forced to source US dollars to pay for the charter of NNPC vessels which is separate from the costs of fenders and other ancillary costs now separated from vessel charter cost which marketers now bear, but we have no approval to on to the pump.

“NMDPRA and NNPC have both stated FG’s reluctance to review pump price but since they have ed them to marketers, the latter will reflect it either ex-depot or at the pumps.

“Marketers are business owners who mostly operate on bank loans and we too must recover all costs.” the source said.

Meanwhile, acute petrol shortages facing the country entered the third week yesterday despite assurances by the federal government that the situation would improve this week.

In Abuja, long queues continued at a few stations owned by major marketers while stations operated by independent marketers were still without the product. Outside the city centre, where independent marketers opened, pump prices ranged from N175 to N187 per litre at filling stations

The government had two days ago itted its role in the importation of adulterated petrol into the country, blaming it on inspection failure.

The minister of state for petroleum resources, Chief Timipre Sylva, said: “In the last weeks, Nigerians have grappled with fuel scarcity, not because of the absence of supply of products but due to inspection failure, which allowed adulterated products into the country.

“This is regrettable, and the federal government sympathises with the citizenry over the unforeseen hardship, occasioned by the inevitable scarcity. Let me once again appeal to Nigerians to be patient with the government in finding lasting solutions to the crisis.”

https://leadership.ng/just-in-nnpc-new-charges-may-trigger-increase-in-petrol-pump-price/

everyday a bad news. what a country

Nothing new to us in this country

The endgame of the lingering fuel scarcity is to bring about increments in pump price, that has been the plan.

You see...

Nigeria is dead under Buhari and will be buried under Tinubu.

Buhari minister of petroleum


The future is blink because everyone is looting and investing abroad, we have a long way to go

NNPC is the headquarter of corruption in Nigeria and buhari is still the petroleum minister.


The adulterated fuel thing is now in the past.
Nobody was arrested
Nobody resigned
Nobody is fined

Buhari is doing really well, by the time this man is done with Nigerians, even his zombies will prefer to migrate to somalia.

That was the plan all along.

The scarcity will enable them to embezzle a lot. Instead of the federal government to quickly checkmate them now to stop further excesses they are here listening to their grammar. It is when NNPC and major government officials and stakeholders have squandered a huge chunk and have grown fat of the mismanagement that FG will order the EFCC to open the record books on them.
The scarcity is created to afford them the opportunity to steal abundantly

Nah so. Let go. Welcome to new Nigeria. Government does anyhow and no body is talking. If any media cough by mistake they are in trouble.

A ploy to increase the price of PMS, but God no go shame us.

Muhammadu Buhari is cursed

Everything under this evil man has gone from good to worst

Thunder scatter all Buhari & APC apologist on this forum


Nonsense

Who's that idiot minister of petroleum resources? Can't the idiot say something? Where's Fashola sef? Where's that other idiot that promised us 40 naira per litre if and when the dull ard wins election?

Nawa ooo

Only Amaechi can save this country.

A time will come, Buhari and his ers will wake up to see everybody had left Nigeria for them. Before then she, something drastic would have happened.

Kikiki

Y

Waiting for the increment.

They for kukuma just kill us for this country

Sai barber

This is what happens when u put illiterates in charge of the hemp of affairs of a country....all those that campaigned for this disaster call Buhari...how market?

The scarcity was to test the microphone

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They should sell this country to solve her problem.

Jestin:
Nigeria is dead under Buhari and will be buried under Tinubu.

and it shall raise after three years,in the hands of MNK