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Friday, October 22 2004

Vol 17 No.30

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  • New Page 1

    Petrol sells for N70/litre

    •No change in price -- PPPRA

    •NLC meets Tuesday

    FRANCIS AWOWOLE-BROWNE, SOPURUCHI ONWUKA, Lagos and DAVID AGBA, Abuja

    SPECULATION was rife last night in Lagos that a few oil major marketers may have effected fresh fuel price increase with a litre of petrol sold at N70.00.

    The development, Daily Champion checks revealed, was effected in the evening in a surreptitious manner. The new price was not displayed at the affected filling station even as the Petroleum Products Pricing and Regulatory Agency, (PPPRA), denied approving any further price increase.

    Major and independent petroleum marketers, on their part, flatly denied knowledge of any fresh price increase.

    But the Nigeria Labour Congress (NLC) has summoned a crucial meeting of its highest decision-making organ, the National Executive Council (NEC) for Tuesday in Abuja as preparations moved into top gear for an impending indefinite nationwide strike over fuel price hike.

    The organ comprises chairmen and secretaries of NLC’s 36 state councils and the Federal Capital Territory (FCT) as well as presidents, general secrertaries and treasurers of congress’ 29 affiliate unions.

    Yesterday’s price hike has attracted the attention of the Trade Union Congress (TUC), the body of senior staff workers, which threatened to pull out of government’s committee to cushion the effects of the fuel price hike.

    Besides, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) warned that the associations will call an emergency meeting of its NEC if the price hike stands.

    Signs that a new fuel price may have been effected came when some motorists claimed that they bought petrol at N70.00 per litre at the Mobil outlet in Maryland, yesterday evening.

    The product sold at N64.00 per litre at Conoil station located on Airpirt road, Mafoluku.

    One of the motorists, a sport journalist, said the Mobil attendants, however, did not display the new price but had adjusted the pumps to reflect the increase.

    An NLC NEC member, Mr. Emma Ugboaja, who is also the general secretary of the National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) told Daily Champion that the proposed NEC meeting would discuss issues relating to the planned strike.

    PPPRA Executive Secretary, Dr. Oluwole Oluleye told newsmen, last night, that the agency had not authorised any fresh price increase, pointing out that he was unaware of the increase.

    Chief executive officers of five out of the six major petroleum marketing companies held a closed door meeting last night.

    Reliable sources close to the committee of major petroleum marketers that control over 50 per cent of the domestic fuel market said the agenda of the meeting had nothing to do with prices.

    Contacts in the six majors said they were still selling at the old prices as at last night and described any hike in prices by any of their dealers as illegal and criminal.

    A source, however, admitted that new prices were being awaited from the PPPRA following the galloping prices at international fuel markets from where part of domestic supplies are imported.

    Spokesman of the Nigerian National Petroleum Corporation (NNPC), Dr Levi Ajuonuma, could not be reached to confirm reported improvement in local refining expected to weed out significant proportion of importation cost components that build up pump prices.

    General secretary of TUC, Chief John Kolawole told Daily Champion that his organisation will quit the Ibrahim Mantu-led fuel price hike palliatives committee once the new price is official.

    His colleague in the senior oil workers body, PENGASSAN, Dr. M. Fadakinte said the association will call a NEC meeting if the price is confirmed.

    � 2004 @ Champion Newspapers Limited (All Right Reserved).
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