Monday, October 29, 2012

Petrol sells at N120 per litre in Bayelsa

 

 A litre of petrol is now being sold at N120 per litre at filling stations in Yenagoa and its environs by independent marketers in Bayelsa State, due partly to what an insider
blamed on the parlous state of the East-West Road and paltry quota allotted the state by the Department of Petroleum Resources depot, in Port Harcourt.
With the Patani flank of the East-West Road in Delta State and the Ahoada-Mbiama axis in Rivers State, cut off by flood, Bayelsa State has been literally cut off from the rest of the country, prompting the state government to direct construction giant, Julius Berger, to intervene in the Ahoada-Mbiama axis, a development which helped improve vehicular movement on the route.
But the state, it was reliably learnt, will continue to experience short fall in the product due largely to the epileptic supply chain.
The state, according to informed sources, is allocated only five trucks daily, which most times do not get to the state.
Marketers in the state, it was learnt, are compelled to source for the product in the open market in Port Harcourt with some of them travelling as far as Lagos to source for fuel from private farm tank owners if they must keep their filling stations running.

Also....

THE people of Enugu State have been experiencing severe scarcity of petroleum products, particularly Premium Motor Spirit, PMS, popularly called petrol, which now sells between N120 and N125 per litre at stations owned by independent marketers.
The price hike has lasted for one month but while the major marketers always lack products with their stations under lock, the independent marketers usually have enough products on daily basis, which they sell at cut-throat prices, with the motorists and other buyers purchasing with grudges.
Only few major marketers like NNPC Mega Stations, Mobil, Oando and Total located within the Enugu capital city sell at the official pump price of N97 per litre whenever they have the product, but apart from NNPC Mega Stations, other major marketers sell for few hours and shut down their stations apparently to hoard the products.

-Vaguard

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