Skip to main content

BAYELSA PETROLEUM TASK FORCE KICK AGAINST INCREMENT OF PETROLEUM PUMP PRICE BY MARKETERS IN THE STATE.



 The Chairman of the Bayelsa State Petroleum Task Force, Mr. Emmanuel Okosukeme has reportedly rejected and kicked against what has been described as subtle moves by some oil marketers to increase fuel price in the State.

Mr. Emmanuel Okosukeme who assured Bayelsans of the government’s move to take swift actions to stop oil markers from increasing pump prices in the State , also warns marketers against plans to hoard the product to worsen the fuel scarcity crisis in the State.


The Chairman of the State Petroleum Task Force in Bayelsa State, while calling on the oil marketers to settle their price differences with the Federal Government before carrying out such actions that are inimical to State growth , has said the edged issues are accumulation of  misunderstanding ongoing between Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association, and the Independent Petroleum Marketers Association of Nigeria and the Nigeria National Petroleum Cooperation.

Throwing more light on the issues, Mr. Emmanuel Okosukeme said,
“The key issue is a price war and the landing cost as it is right now, noting that the various marketers like DAPPA, IPMAN, MOMAN and the rest are complaining that they can’t bring in products because they can’t absorb the subsidy, and that they don’t have access to foreign exchange.

The marketers have made representation to the Federal Government and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, to allow price hike of petroleum products and leave the sector to market forces.

The Chief Executive Officer/Executive Secretary, MOMAN, Mr Clement Isong in an earlier report said, Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association agreed on the increments that are to take full effect is a call for the payment of the outstanding debts from subsidy owed them by the Federal Government.

According to Mr. Isong , “This debt, most of which we in turn owe banks, has completely blocked or limited our ability to access credit. We have reached the full extent of our credit with the banks; so, we are struggling to do business. We really need to get paid the outstanding subsidy by government.”

“The debt owed MOMAN only is N130.7bn, that is subsidy and interest. What is owed the industry as a whole, I think, is about N400bn. Government should pay what is outstanding; it has been a long time.”

Comments

Post a Comment

Popular posts from this blog

Osinbajo’s Copter Crash: GOV Dickson urges Nigerians to Thank God for averting National Tragedy

Post a Comment
Read more
NUC RECOGNIZES BAYELSA MEDICAL UNIVERSITY, YENAGOA ......Information transmitted to JAMB and NYSC....NUC Executive Secretary......Presents Certificate to Gov. Seriake Dickson January 31, 2019 Gov. Dickson receiving the Certificate of Recognition from Prof. Rasheed, E S of the NUC NUC RECOGNIZES BAYELSA MEDICAL UNIVERSITY, YENAGOA  . .....Information transmitted to JAMB and NYSC....NUC Executive Secretary  ......Presents Certificate to Gov. Seriake Dickson By Cyril Onoka  The Bayelsa State University, Yenagoa has been recognized by the National Universities Commission (NUC) as the 170 th  University in Nigeria, the 48 th  State Government owned University, Second State owned Medical University and Fourth Medical University in Nigeria. This recognition took place with immediate effect on Thursday, 31 st  of January, 2019 and the certificate presented at the NUC Headquarters in Abuja by the Executive Secretary of the Commiss...
Post a Comment
Read more

INTERNATIONAL OIL COMPANIES FUELING INSECURITY IN NIGER DELTA - GOV. DICKSON

March 21, 2019 Bayelsa State Governor, Honourable Henry Seriake Dickson, on Wednesday night launched the Rise For Bayelsa Campaign, an initiative to attract global attention to the ravaging effects of oil spills, pollution and environmental degradation in the state. At the event held at the Dr. Gabriel Okara Cultural Centre in Yenagoa, he was however unsparing of the international oil companies (IOCs) operating in the state. He accused them of constituting the biggest threat to the security and stability of the state and the Niger Delta region under the guise of awarding crude oil pipeline surveillance contracts. His Special Adviser on Public Affairs, Mr. Daniel Alabrah, quoted the governor as accusing the oil multinationals of funding terrorism, criminality and breakdown of law and order in the state. His words: "They are not only polluting our land, creeks, waterways and communities. They are also taking their terrorist and criminal activities to yet another fri...
Post a Comment
Read more