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Home TOP NEWS Petrol stations refuse to reduce pump price to N125 per liter in Katsina
Petrol stations refuse to reduce pump price to N125 per liter in Katsina

Petrol stations refuse to reduce pump price to N125 per liter in Katsina

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Petrol stations refuse to reduce pump price to N125 per liter in Katsina 

Petrol stations in Katsina defy FG orders, still sells fuel at N145 

Privately owned fueling stations in Katsina have refused to adjusted their pumps to reflect the new petrol price of N125 per litre two days after the reduction by the federal government, Katsina Post learned.

When our reporter went round the city of Katsina, he observed that only the tow Federal Government owned Nigerian National Petroleum Corporation (NNPC) are dispensing the fuel at the new approved price.

Recall that the Nigerian National Petroleum Corporation (NNPC) on Wednesday announced the reduction of petrol price across the country following the crash of crude oil price at the global markets.

President Muhammadu Buhari directed for the immediate reduction in the pump price of premium motor spirit (PMS), from N145 to N125 per liter, during the federal executive council (FEC) meeting.

The Minister of State for Petroleum Resources, Timipre Sylva, said “the drop in crude oil prices has lowered the expected open market price of imported petrol below the official pump price of N145 per litre.”

“Therefore, Mr. President has approved that Nigerians should benefit from the reduction in the price of PMS which is a direct effect of the crash in global crude oil prices,” Mr Sylva told journalists after the FEC meeting.

Some vehicle users who spoke on the development expressed their dissatisfaction with what they termed ‘the greedness of the Petroleum marketers in the State.

They also called on the relevant government agencies to rise up to the challenge and ensure the right thing is done.

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