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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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Fed Govt Urged To Declare State Of Emergency On Ailing Refineries


By Favour & Akinola Ajibade


The Federal Government owned ailing refineries will return to optimal performance, once a state of emergency on them, the National President, Petroleum Products Retail Outlets Owners Association of Nigeria ( PETROAN), Mr Billy Gillis Harry, has said. 

They are Warri, Port Harcourt 1&2 and Kaduna refineries.  

While speaking to newsmen in Port Harcourt, Rivers state capital, Harry said a state of emergency remains the only antidote to make the refineries work in order to meet up with in-country capacity and further address high fuel prices.

According to him, the problem of price hike will not end anytime soon, until all the refineries in the country become operational.

He said: “The main way out is to declare a state of emergency on all the four refineries. The refineries should be revamped, rehabilitated and made to function.

“Now that we have Sen. Heineken Lokpobiri as Minister of Petroleum, we will interface with him on this issue, on what needs to be done and we hope to get answers.

“Our refineries must work, in-country refining capacity must increase. Modular refineries of 10,000 barrels per day and above should be encouraged to be assembled in Nigeria in order to be able to meet the petroleum products consumption in Nigeria.”

On the issue of rumoured fuel price hike, the PETROAN boss, who said that only fuel importers can confirm the rumours, however, appealed to Nigerians not to indulge in panic buying to avert the issue of fire explosions.

“There is a rumour of fuel price increase but it’s only a rumour and not a fact. It’s only when importers tell us that the landing price has been affected by forex or cost in logistics, that’s when we will know.

“However, we will advised that members of the public should not engage in any panic buying based on the rumour, because your life is important, since petrol is a very volatile product that can easily be inflamed.

“However, prices will continue to fluctuate so long as we (Nigeria) are import dependent, prices will either go up or come down depending on the purchasing power of the Naira over Dollar,” he said

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