New pump price: Marketers yet to comply with the directive in Makurdi

Despite the directive by the Federal Government that all marketers should revert to the new pump price of N121.50 for the Premium Motor Spirit (PMS) otherwise known as petrol, most of the dealers of the said product in Makurdi, the Benue State Capital are yet to comply with the directive.
It would be recalled that the Petroleum Products Pricing Regulatory Agency (PPPRA) recently announced the reduction of the oil pump price of the Premium Motor Spirit to N121.50 from N123 per litre.
Reacting to the development while fielding questions from Day Break in an exclusive chat, the Manager of Basemail Oil Saidu Tahiru disclosed that he was not aware of the increase in the pump price of petrol.
Tahiru who lauded the Federal Government over the downward review of the price of petrol expressed optimism that the new price would reduce expenses, he appealed to the Federal Government to continue to do that which is in the best interest of the people.
In her reaction, the Assistant Manager of Gabrrow Oil Nig. Limited, Makurdi Ms. Grace Agbo Said the management of the oil company is aware of the new price of the PMS, noting however that, the old product is yet be sold.
According to her the company would comply when the old product is exhausted, stressing that government should have created awareness for about two weeks before effecting any change.
“Why we have not complied is that the old product is still much on ground”, lamenting that “the first change in the pump price of petrol affected our business, it came shortly after we loaded our trucks”.
According to the guidelines issued by the PPPRA, prices for the month of June, 2020, the ex-depot price band is now N100.13 and N108.13 per litre while ex-depot for collection is N108.78 and N111.78 per litre.
The agency had urged all marketers to operate within the indicative prices. Ends