Edo marketers defy petrol price reduction


petrol price now N108 per litre

petrol price now N108 per litre

Independent petroleum Marketers within Benin metropolis in Edo, have continued to dispense petrol at N125 per litre in deference to the recently announced pump price of N108 per litre.

It would be recalled that the Nigerian National Petroleum Corporation (NNPC) on Wednesday announced a reduction in the ex-depot price of petrol to N108 per litre

This was the second time the NNPC has dropped the price of petrol after its first reduction on March 19, 2020, to N125.

However, investigation shows that filling stations across Benin, the capital city of Edo, still maintained their old pump price of N125 per litre.

Speaking in separate interviews on Saturday, motorists lamented that five days after the directive, all the filling stations, including the NNPC Mega station, had refused to adjust their pumps to reflect the new price.

The motorists said the marketers should have flowed with the government’s benevolence to also effect change in their pump price.

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They noted the reverse would have been the case for marketers if the government had increased the pump price.

A motorist, John Ebidah, said he had expected that the filling stations would have by Friday adjusted their pumps to the new price.

“This has always been the problem with these filling stations, they are quick at adjusting price upward but not downward just to maximise their profits,” he stated.

Another respondent, Joel Mumah, described the refusal of the marketers to adjust their pumps to reflect the new price regime as “unpatriotic”.

Meanwhile, a marketer who pleaded anonymity, said they had yet to receive any notice to the effect that would warrant a change to the pump price of PMS.

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