Tuesday, November 5, 2024
10 C
London

Allow Independent marketers to buy PMS directly from Dangote refinery @www.asknig.com

Allow Independent marketers to buy PMS directly from Dangote refinery - Reps tells FG

In a recent motion of urgent public importance, the Nigerian House of Representatives has called on the federal government to intervene and allow independent petroleum marketers to lift Premium Motor Spirit (PMS) from the Dangote Refinery. 

 

This follows concerns raised by Oboku Oforji, a representative from Bayelsa State, about the current monopoly where only the Nigerian National Petroleum Corporation Limited (NNPCL) and Major Marketers are granted access to the refinery’s products.

 

The motion comes after the Dangote Petroleum Refinery began operations on September 15, 2024, with its 650,000 barrels-per-day (BPD) integrated refinery. While NNPCL was initially named as the sole off-taker, recent changes allowed Major Marketers access to PMS. Oforji commended this milestone, emphasizing Nigeria’s journey toward energy self-sufficiency and economic growth, but expressed concerns over the exclusion of independent marketers.

 

Oforji argued that allowing Independent Petroleum Marketers alongside NNPCL and Major Marketers would foster competition, increase PMS availability, and reduce prices. He also criticized the monopoly, warning it could drive Independent Marketers to resort to fuel imports, aggravating PMS scarcity and its economic consequences.

 

The House also called for transparency, urging NNPCL to disclose the price at which it purchases PMS from Dangote Refinery and for the refinery to reveal its selling price to NNPCL. Additionally, they recommended Dangote Refinery expand its infrastructure, including building or acquiring depots across Nigeria to improve product accessibility.

 

#asknigerians
@asknigerians

Hot this week

‘He really lacks empathy ’ @www.asknig.com

U.S. Vice President, Kamala Harris on Tuesday, October...

British boxer, Chris Eubank’s son Joseph found not guilty of r@ping 16-year-old girl @www.asknig.com

British boxer, Chris Eubank's son, Joseph Eubank has...

Business Mogul Tunde Ayeni hits Adaobi Alagwu with Court Affidavit @www.asknig.com

It would be recalled that Tunde Ayeni wrote the...

Some northerners creating impression Tinubu hates north – Atiku’s ex-aide Bwala

Daniel Bwala, ex-aide to former Vice President Atiku Abubakar,...

Samson Siasia declines comments amid links to Nigerian, South African clubs

Former Super Eagles head coach, Samson Siasia has been...

Nigerian Newspapers: 10 things you need to know Tuesday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1....

Two suspected phone robbers arrested in Minna

Two suspected tricycle robbers arrested in Minna metropolis are...

Union workers protest killing of colleagues, commuters

Scores of members of the Benue Motorcycle Association, BEMOA...

Fubara attributes political tension to competing resource interests

Governor Siminalayi Fubara of Rivers State has said that...

Related Articles

Popular Categories