Many filling stations across the country on Friday shunned the Federal Government’s directive on the new pump price for petrol as they continued to sell the product at either the old regulated price of N87 per litre or above it.
The Petroleum Product Pricing Regulatory Agency on Tuesday announced that retail filling stations belonging to the Nigerian National Petroleum Corporation would from Friday, January 1, 2016, sell petrol at N86 per litre, while other oil marketers would sell the product at N86.5 per litre.
The PPPRA Executive Secretary, Mr. Farouk Ahmed, had stated that the reduction in the price of the commodity was due to an implementation of the revised components of the petroleum products pricing template for PMS and House Hold Kerosene.
But findings by Punch correspondents on Friday revealed that many petrol stations in Abuja and neighbouring Kaduna and Nasarawa states as well as others in the South West, South South, North West, North Central and South East had yet to comply with the directive.
Investigations also revealed that even NNPC stations were still selling the product at the old price. For instance, an NNPC mega station located in Kubwa, a popular satellite town in Abuja, displayed N87 as the selling price as against the stipulated N86 price when one of Punch correspondents visited the outlet on Friday afternoon. (Punch)