Uncategorized

Nigerian Lawmakers Urge FG To Allow Direct Petrol Purchase From Dangote Refinery

The House of Representatives has urged the federal government to permit oil marketers to buy premium motor spirit (PMS), commonly known as petrol, directly from the Dangote Petroleum Refinery.

This resolution was passed during a plenary session on Thursday, following the adoption of an urgent motion sponsored by Oboku Oforji, a lawmaker from Bayelsa State.

The federal government previously announced on September 14 that the Dangote refinery would exclusively sell petrol to the Nigerian National Petroleum Company (NNPC) Limited, requiring other interested marketers to source the product through the national oil firm.

Three days later, NNPC’s Executive Vice President for Downstream, Adedapo Segun, clarified that oil marketers are prohibited from purchasing petrol directly from the refinery due to ongoing subsidized pricing.

During the motion’s presentation, Oforji emphasized the urgent need for independent marketers to access petrol directly, stating, “In view of the high demand by millions of Nigerians for premium motor spirit (PMS), and the ordeal they go through to get it, NNPCL should allow independent marketers to lift the product from the Dangote refinery.”

He argued that allowing independent and major marketers, alongside NNPCL, to purchase from the refinery would enhance competition, increase availability, and ultimately reduce petrol prices.

Oforji criticised the exclusive arrangement for NNPC and major marketers, calling it “tantamount to greed” and highlighting the national oil firm’s historical mismanagement of crude resources and refineries.

He warned, “If this monopoly is not nipped in the bud, the suffering of Nigerians occasioned by the scarcity of PMS will continue and we all know the implication on the economy.”

The motion has now been referred to a joint ad hoc committee of the Senate and House of Representatives for further legislative consideration.

Boluwatife Enome

Follow us on:

AriseNews

Recent Posts

CAC Removes Innoson, Daitama, 80,000 Dormant Companies From Register For Ignoring Annual Return Deadlines

The CAC has removed dormant companies that failed to file annual reports for 10 years…

2 hours ago

NEC Gives Kwara, Kebbi, Adamawa One Week To Submit State Police Reports

NEC has set a one-week deadline for Kwara, Kebbi, and Adamawa to submit state police…

3 hours ago

Amazon Faces Potential EU Investigation Over Preferential Treatment Of Own Products

Amazon may face an EU investigation over preferential treatment of its own products under the…

4 hours ago

Akpabio Hails Igbo Resilience + Ndume Begs Senate To Allow Ubah’s Widow Succeed Him – Trending With Ojy Okpe

https://cdn.veri.app/a21afe40-c7c7-4a5c-b145-4fc72382ab4b.mp4 Senate President, Godswill Akpabio, during the night of tribute, held in honour of the…

4 hours ago

Kano Governor Yusuf Reunites 76 Pardoned Minors To Families

The Kano State government has reunited 79 pardoned minors accused of looting in the #End…

4 hours ago

Matt Gaetz Steps Down as Trump’s Attorney General Pick

Matt Gaetz has announced that he is withdrawing his name from consideration as Donald Trump’s…

4 hours ago