PMS Scarity: Fuel Price On In High In Yobe, Sokoto, Others

The efforts by the Nigerian National Petroleum Corporation, (NNPC) to crash prices through massive importation has yet to yeild results as prices of fuels have remained high across the country.

High cost of petroleum products will impoverish Nigerians the more and cut deeper into the already pressured disposable income given the very high inflation rate and economic downturn in the country.

The National Bureau of Statistics (NBS), in its latest petroleum products price watch, recently released , disclosed that Premium Motor Spirit (PMS) also known as petrol, still sells as high as N177/litre in Yobe, while kerosene was astronomically high in Lagos at N455, Ogun, N425.44; and Ondo, 424.07 per litre respectively.

Also, the average price paid by consumers for diesel increased by 3.68 per cent month-on-month and 68.74 per cent year-on-year to N249.38 in February 2017 from N240.52 in January 2017.

But, the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, insisted that the Corporation is doing its best to ensure abundant flow of products nationwide.

According to the Bureau, the average price paid by consumers for petrol increased by 50.1 per cent year-on-year and 0.7 per cent month-on-month to N149.8 in February 2017 from N148.7 in January 2017.

States with the highest average price for diesel were Adamawa, N280; Ebonyi, N272.5 and Cross River and Borno, 271, while those with the lowest were Oyo, N226.67; Bauchi, N226 and Osun, N220.

States with the highest average price for petrol aside from Yobe, were Sokoto, N162.1 and Taraba, N161.7, while Lagos, N144.9; Delta, N144.8 and Osun N144.7 recorded the lowest respectively.

For Kerosene, while Lagos, Ogun, and Ondo states recorded the highest prices respectively, states with the lowest were Sokoto, N295.24; Gombe, N291.67; and Katsina, N286.11.

Among those with the highest price per gallon of kerosene were Yobe, N1,800.00; Kebbi, N1,687.50; and Akwa Ibom,1,636.36.

In defence of NNPC, the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, insisted that the Corporation is doing its best to ensure abundant flow of products nationwide.

Ughamadu said the Corporation, apart from ramping up fuel supply nationwide, had also expanded daily truck load-out of petrol, diesel and kerosene, even during weekends to ensure improved products delivery to the hinterlands.

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