Independent petroleum marketers in Ekiti have reduced fuel price to below N200 per litre.
The new price is coming second day of the sale of petroleum in the government’s house pump to the public.
Governor Ayodele
Fayose had on Monday directed the sale of the fuel at pump price of N145
per litre to the public to cushion the effect of the hardship of the
fuel scarcity during Christmas.
A tour round the
state capital on Wednesday shows that the sale of the government fuel
was still ongoing at Alade Filling Station, Iyin Ekiti road.
Also Phenrose Oil and Gas, Irona was selling the fuel at N180 per litre to motorists.
NIPCO filling station at Adebayo Road and Akinbami filling station in Ureje also sell at N190 per litre.
This was against the
price of N400 and N500 per litre it was sold at black market on
Monday, and also the N250 and N200 some filing stations were selling
before Monday.
Many of the independent marketers had been selling fuel at outrageous prices before the intervention of Fayose.
Many independent
marketers who had been hoarding the commodity in anticipation of a hike
in price are now forced to sell the products.
An manager in one of
the Independent marketters’ outfit, who spoke to Correspondents and
pleaded anonymity, said the root cause of the fuel scarcity is that
independent marketers had been getting pump price at N150 from source,
and had a dilemma of selling it at official price of N145 or N143 as
some or them were known for.
“Truth of the matter
and root cause of this fuel palaver is that the Independent marketers
have been getting fuel litre at N150 from source, these marketers have a
dilemma of selling above official pump price of N145 and gain but incur
the wrath of the members of the public or sell at either N145 or below,
and lose in the transaction.
"But some of them are wise , instead of
selling all the content they receive, they rather divert bigger amount
of it to smaller filling stations who took turns to sell to members of
or he public at exorbitant costs of N200 or N250 and above.
"This is why
the major marketters do not have much fuel to sell to members of the
public who queue at their stations for days with it getting fuel. I do
not think you would blame them for doing this because no one wants to do
business and fail, he said"
In another
development, the reduced prices and stoppage of fuel hoarding are only
morw pronounced in the state capital. In some other towns that are
outskirts of Ekiti, residents still complain of either not getting fuel
and having to rely on black market sales of N550, and above or getting
fuel from very few filling stations at N280 or N250.
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