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Reason Petrol Can not be sell at N87 per Litre in Ekiti and Ondo

Reason Petrol Can not be sell at N87 per Litre in Ekiti and Ondo
Petrol Dealers and Owners Association in Ondo and Ekiti states have said its members cannot sell fuel at government- approved price of N87 per litre.

The association said this yesterday during a press conference in Akure, Ondo State capital. It decried the alleged intimidation of its members by officials of the Department of Petroleum Resources, DPR, for selling above the price recommended by government.

Chairman of the association, Jimi Adedapo, said it was difficult to source petroleum products at the depots of the Nigeria National Petroleum Corporation, NNPC, adding that members had been sourcing the products through other means at attendant cost.
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He claimed that the total cost per litre of fuel from Lagos ranged between N104 and N108 while the landing cost per litre from Ogara/ Warri in Delta state was between N105 and N108 per litre.

According to Adedapo, the landing cost is exclusive of operating expenses such as diesel to run the stations, staff salaries and wages, strategies, office and pump maintenance.

He said: “From the analysis, you will agree with us that it will be impossible for us to sell at the government approved price of N87 per litre.

“One wonders how, as businessmen with responsibilities, we can sell below the cost price. The ordinary law of supply and demand will not allow it.” (NationalMirror)

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