Why There is Variation in the Pump Price of Petrol – Alison Madueke
Alison-Madueke, who appeared before the Senate Committee on Petroleum Resources (downstream) headed by Magnus Abe, said, “We have been battling with insufficiency in supply and we have to dip into our strategic reserves”.
She told the committee when asked whether she was aware that aside NNPC mega stations where pump price is N97, fuel was being sold for over N105 per litre all over the country, she said she was aware of disparity in prices.
The minister said, “Over the last two months and from the time the price was fixed at N97, we have gone through strikes by oil workers and this has made it extremely difficult for marketers to stabilise price at N97, the official price”.
Asked if the Department of Petroleum Resources (DPR) was helpless at checking the disparity in prices, she replied: “If you are covering a country as large, there will be issue of pricing”.
“The DPR is, however, moving aggressively in the last months to check the anomaly. Of recent, 75 filling stations have been sealed up across the country over disparity in pricing”, Alison-Madueke told the committee.
She informed the committee that the vandalisation of NNPC pipelines in Arepo, Ogun State was a major reason responsible for the recent fuel scarcity in some parts of the country and especially in the South West.
She noted that in the process of repairing the damaged pipelines, three NNPC officials were kidnapped, confirming that the three officials had been killed.
When asked by Abe how sure she was about the death of the three officials, Alison-Madueke said, “They have been killed and their bodies have been recovered”
On scarcity of kerosene, the minister informed the committee that to further ease supply “10 million litres are pushed to the market daily and at times increased to 11 million litres”, admitting that “due to logistics and bridging, costs are higher in some parts of the country”.
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