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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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NMDPRA to Fuel Outlets: Accept Payment through PoS or Face Sanctions

Fuel scarcity


By Favour Ajibade


The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), yesterday, says it would sanction any retail outlet, which, rejected  payment for fuel through Pont of Sales( PoS) machines. 

The body, hitherto known as Department of Petroleum Resources( DPR) said this in a statement made available to the media. 

In the statement, signed by its General Manager Corporate Corporations and Stakeholders Management, Kimchi Apollo, the agency attributed the development to the on-going cash crunch, a fall out of naira redesigning policy and the subsequent failure of the Central Bank of Nigeria (CBN) and  Deposit Monetary Banks ( DMBs) to issue new and old naira notes. 

The statement further said NMDPRA and the security agencies will henceforth be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

The statement added:”It has come to the attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that some retail outlets are not accepting the use of Point of Sale (POS) machines at their filling stations due to the recent cash crunch brought about by the new Naira design.

“The Authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the Government in the transition to the new Naira.

“All retail outlets are directed to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

“The Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

“We reassure the general public of our commitment to ensuring good quality service in the sale and distribution of petroleum products nationwide” reads the statement in parts




 

The warning follows reports that some retail outlets rejecting the use of POS machines at their filling stations due to the recent cash crunch brought about by the new Naira redesign.

The agency in a statement,disclosed that the Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

Kimchi Apollo,the General Manager, Corporate Communications and Stakeholders Management,


quoted the Authority to have directed all retail outlets to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

The statement added:”It has come to the attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that some retail outlets are not accepting the use of Point of Sale (POS) machines at their filling stations due to the recent cash crunch brought about by the new Naira design.

“The Authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the Government in the transition to the new Naira.

“All retail outlets are directed to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

“The Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

“We reassure the general public of our commitment to ensuring good quality service in the sale and distribution of petroleum products nationwide” reads the statement in parts

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