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Tag: Premium Motor Spirit

  •  Residents urge FG to enforce official pump price at filling stations

     Residents urge FG to enforce official pump price at filling stations

    Some residents of Port Harcourt have urged the government to ensure its agencies regulating the sale of petroleum products stopped filling stations from selling above the approved pump price.

    The residents made the call when they spoke with the Reporter on Wednesday in Port Harcourt against the backdrop of the products’ scarcity.

    They decried the sale of Premium Motor Spirit (PMS) popularly known as petrol at N220 per litre instead of N143 or N145 by independent marketers in the state.

    A taxi driver, Mr Ifeanyi Umeh, accused the independent marketers of inflating the pump price, saying that they had become a problem in the oil retail sector.

    “Most of them have fuel but it is either they sell at N220 per litre or they hoard the fuel; it is not fair to most Nigerians.

    “For me, I buy from the marketers because of my business as a taxi driver and because there is no queue at their stations due to the high price.

    “After buying, I recoup my money by charging an increased fare due to the situation.

    “But if I am a private man, I would rather sleep at the filling station with approved pump price than buying at N220,’’ he told Reporter.

    A trader, Mr Tam Igbani, said that the government should stop the petroleum crisis in the country due to its negative effect on the masses.

    “Imagine paying N400 instead of the previous N200 from Obigbo to Mile 1 Park as transport fare for a commercial bus; it is not fair enough at all,” he said.

    A public servant, Mrs Nkem Azuka, said that she had stopped making large pot of soup because she could not afford petrol to power her electricity generator to preserve it.

    Read Also:Petrol pump   price hits N250 per litre

    “Since this month, I lost three pots of soup because the temperature has been high in the city and with the attendant high cost of fuel; I cannot afford to power my refrigerator.

    “We have not had power supply for about eight months now and we have relied on electricity generator.

    “But with the high cost of petrol, coupled with the payment of school fees and house rent, we decided to manage our poverty level,’’ Azuka said.

    Azuka, who said that they lived at Okporo road area, said that cooking soup everyday was not only uneconomical but stressful to her as well.

    She called on the government to alleviate the sufferings of the masses.

    A major petroleum dealer on Aba road, who spoke anonymously, accused independent marketers of being very greedy.

    He commended the Federal Government for not listening to the demands of the marketers and said that with time, they would behave themselves.

    According to him, they are selling at high price because some Nigerians patronised them, if not, hunger would have forced them to sell at the normal price.

    “As far as I am concerned, the independent marketers are very selfish and aim at adding to the sufferings of Nigerians; Nigerians should ignore them.

    “We will not hoard petrol and will continue to sell at the officially approved pump price,’’ he said.

    The Reporter reports that long queues are seen at major marketers and the NNPC Mega Filling Stations, resulting in increased transport fares by about 100 per cent.

    NAN

  • ICYMI: FG may increase petrol price to N180 per litre

    ICYMI: FG may increase petrol price to N180 per litre

     The Federal Government may increase the price of Premium Motor Spirit (PMS), popularly called petrol to a minimum price of N180 and above anytime soon.
    Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who dropped the hint in Abuja on Thursday, said the current price of N145 per litre can no longer be sustained.
    In a presentation he made to a joint committee on Petroleum (Downstream) of the Senate and the House of Representatives, the Minister said the landing cost for petrol stood at N171 per litre.
    According to him, the Federal Government, through the Nigerian National Petroleum Corporation (NNPC) has been bearing the cost of N26 per litre, representing the difference between N171 and the current official price of N145 per litre.
    Insisting that independent marketers would not be able to import the product at the current foreign exchange rate, saying the marketers were able to sell for N145 per litre when the exchange rate was N285 per Dollar. The Naira presently exchanges for N365 per Dollar.
    “We now have to go back and find the solution to this problem in order to ease supply gaps and ensure availability of the product at all times,” the Minister said.
    Kachikwu, however, proffered three alternative solutions to pump price increase: getting the Central Bank of Nigeria (CBN) to introduce a modulated foreign exchange rate specifically for importers of the product; giving the marketers significant tax adjustments to enable them to absorb the high cost; and a plural pricing system whereby the NNPC would continue to sell at N145 through its numerous outlets while the marketers are allowed to fix their own price.
    The Minister identified causes of the last fuel scarcity to include diversion of products, logistic constraints, bottleneck associated with clearance, bad road network, insufficient product reserves, smuggling through land borders, supply gaps and enforcement challenges.
    He stated that the marketers stopped importing fuel since October 2017, as a result of their inability to access foreign exchange from the CBN, leaving only the NNPC to import the product, which has left a wide gap between demand and supply.
    Dr. Kachikwu lamented that the price of petrol rises with the rise in the price of crude oil in the international, stressing that in such instances, Nigeria spends more to import refined products. In effect, any rise in crude oil price increases the amount the country spends on the importation of fuel.
    To address the situation, the Minister canvassed the opening up of production lines, specifically the refineries, which he said, would address supply gaps that usually leads to incessant scarcity.
    “Rising prices in international market affecting domestic prices. What the country needs is to have the refineries working. It’s a shame that after 40 years, Nigeria cannot produce its domestic consumption.
    “It would take 18 months to address problems of scarcity, price stability and other issues relating to the supply of petroleum products. The pipelines should be concessioned to allow private participation.
    “There is huge infrastructure deficit in the system because the NNPC ought to be distributing products through their pipes but most of the pipes are damaged. The has necessitated the use of trucks to distribute the product across the country.
    “Most importantly, fixing the refineries should be the lasting solution. To discuss and address the issues, we have to seek approval from the President,” the Minister said.
    In his own submission at the hearing, the Group Managing Director of the NNPC, Dr. Maikanti Baru said the last scarcity was caused by rumours of price increase in the media that led marketers into hoarding the product in anticipation of higher prices.
    Said he: “So there was a frenzy in the movement of products to the hinterland and diversion of products going to the hinterland in anticipation of the increase in price.
    “The NNPC, or the Petroleum Products Pricing and Regulatory Authority (PPPRA) had no mandate to increase pump price.”
    The GMD said that the strike action embarked upon by PENGASAN in December was partly responsible for the scarcity, saying issues raised by the association for going on strike had nothing to do with the NNPC.
    According to him, the strike triggered panic buying by members of the public leading to scarcity of the product. He added that although PENGASAN called off the strike on December 18, the damage had already been done.
    Baru identified other factors responsible for the last scarcity to be the higher price at which petrol is sold in neighbouring African countries, citing Cameroun where he said petrol sells for N300-N400 per litre.
    Stating that the NNPC has enough product to bridge supply gaps, Baru insisted the corporation has sufficient stock to go round even without importation.
    The GMD alleged that about 4500 distribution trucks failed to return to depots to complete their distribution formalities during the scarcity period, meaning that the trucks were diverted.
    “There was no supply gap because we have Direct Sale Direct Purchase (DSDP) agreement with 10 consortia involved. Three of them rejected their cargoes, which were reallocated to others.”
    The GMD also hinted that the refineries in Kaduna and Port Harcourt were being reactivated and restreamed and that they have been producing three million litres daily.
    Baru also cited disagreements among the various private operators in the sector as part of the problems that threw up the scarcity, adding that the marketers were busy trading allegations of sharp practices.
    He said: “For instance, IPMAN said MOMAN and DAPPMA were charging over N133.28/litre but when we asked them to provide evidence of overcharging, they could not provide any. If proven, NNPC would have withdrawn the licenses of the errant bodies.”
    The Executive Secretary of the Department of Petroleum Resources (DPR), Mordecai Baba Ladan told the committee that at the outset of scarcity, the DPR rolled out its machinery across the country, with the directive from the Minister that defaulters be dealt with.
    “Almost every marketer/filling station across the country are defaulters. And if all defaulting filing stations were to be shut down, there may not be anyone left.
    “They horde, sell above official price and also divert products. But we have stepped up our monitoring process now that the NNPC is the sole importer but the corporation cannot do it alone.
    Virtually all the independent marketers that attended the hearing alleged multiple charges by the Nigerian Port Authority (NPA), NIMASA and some state governments charging 3 kobo per litre wharf landing fee.
    The Executive Secretary of MOMAN, Mr. Obafemi Olawore said the N800 billion owed marketers by the Federal Government has made it difficult for them to obtain credit from the banks to import the product.
    He appealed to the government to give key players major roles in the importation business, saying that shutting down errant filling stations won’t solve the scarcity problem but rather aggravate it.
    Olawore called for total deregulation of the sector to allow more participants from the private sector.
    Curiously, however, the chairman of the joint committee, Senator Kabiru Marafa who had vowed to grill the Minister and the GMD over secret subsidy payment by the government.
    Briefing newsmen at the National Assembly on Friday, Marafa had raised questions on who pays the difference of the N26 in the landing cost of N171 against the pump price of N145.
    The lawmaker said there were indications that a subsidy of N26 was being paid on every litre of petrol sold in the country and wondered who has been paying the subsidy.
    Marafa had said, “If there is subsidy payment, then who approved it and how much has been paid out as the subsidy so far. If you want to provide the subsidy, it should come through the National Assembly but we have not received any request for subsidy payment from the Executive arm.”
    Stating that about N10 trillion has been paid out as the subsidy, Marafa had lamented that stakeholders in the Petroleum industry, particularly the NNPC, have not been transparent in the running of the sector.
    He said these were some of the issues the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Baru and others would be made to explain to Nigerians at the January 4 hearing.
    “We are going back to the same circle where only a few persons benefit from subsidy payment at the expense of the Nigerian people,” Senator Marafa had said.
    Other members of the joint committee are Senators Tayo Alasoadura, Mao Ohuanbunwa, Sabi Abdullahi, Foster Ogola, Yahaya Abdullahi, Rose Oko, Philip Aduda among others.
  • Vintage Osinbajo at Lagos filling stations

    Vintage Osinbajo at Lagos filling stations

    While some so-called leaders continue to feed fat in the comfort of their high-walled mansions, oblivious of the sufferings of the common man, Vice-President Yemi Osinbajo is not cut from such ignoble stock. From the embattled motorist fighting for fuel at filling stations to the street hawker and roadside beggar, no one is exempted from the circumference of his compassion.

    Thus, as the nation groans under the yoke of fuel scarcity and the attendant hike in the cost of transportation, the affable Vice-President was on the streets of Lagos cheering up forlorn motorists and soothing their worries; promising them that the latest ordeal will soon be over.

    Round and round the metropolis he went, a balm for pained hearts, visiting fuel stations, including Oando and Hayden Oil, listening to the people’s complaints and allaying their fears. He was a sun interminably peeping out from a clouded sky, a momentary source of relief from the pervading gloom occasioned by the scarcity of Premium Motor Spirit (PMS).

    Although there was little he could do on the day to assuage the people’s pains, his presence went a long way towards giving the people hope that the suffering they are going through in this festive period has not gone unnoticed by the powers that be.

  • Scarcity amid plenty

    Nigerians last week Monday woke up in most parts of the country to face the ugly oil distribution palaver of the past.

    Scarcity of Premium Motor Spirit (PMS), popularly called petrol, hit most cities resulting in long queues and traffic gridlock.

    While some of the petrol stations did not open for business, those that were open were overwhelmed as others sold the product above the N145 ceiling price for one litre.

    The fuel scarcity was a major one since the increase of the pump price of petrol to N145 per litre in May 2016.

    The hike in price of the product in 2016 effectively ended the scarcity and long queues for the product which was very rampant under the past administration.

    Then many Nigerians had to suffer to buy the product, with  which the country is abundantly endowed. In most cases they had to sleep for many days on fuel queues at petrol stations.

    The factors responsible for the latest scarcity, however, appeared to be beyond the government authorities in charge.

    To government officials, the scarcity was artificially created as the quantity of fuel in the country could not be exhausted till end of January 2018.

    Some Nigerians believe that the scarcity was a result of manipulation by oil marketers to make brisk incomes as some of the petrol stations have already increased the price of the product to N165 and above for a litre of fuel.

    Others saw it as the seasonal hardship normally Nigerians usually encounter eeks to Christmas celebration and other major festive periods.

    The scarcity has also resulted in accusations and counteraccusations among the stakeholders on the actual cause of the problem.

    Last week, the Independent Petroleum Marketers Association of Nigeria (IPMAN) claimed that the Nigerian National Petroleum Corporation (NNPC) was delaying the loading of its members’ trucks at depots.

    IPMAN, had claimed that the private deports, belonging to Major Oil Marketers’ Association of Nigeria (MOMAN) were supplying IPMAN members above the regulated pump price.

    On the other hand, the Depots and the Petroluem Marketers Association of Nigeria (DAPMAN) accused IPMAN of being economical with the truth.

    DAPMAN claimed that it has been supplying its members’ retail outlets at the official price.

    But the good news about the fuel scarcity problem was that the government agencies in charge have been given matching orders to make sure the scarcity ends by last weekend.

    The Minister of Information, Alhaji Lai Mohammed had said “The Minister of Petroleum had assured the Council that we have enough products till the next one month even till the end of January.

    “Thirdly, this is winter period. There is always more demand for refined products for petroleum during winter period in the colder countries, this is what we are experiencing now.

    “Also that it has been the NNPC that has been importing but he has assured. The council gave him a matching order that this fuel scarcity should not last beyond this weekend and they are going to work very hard to ensure that it is curtailed. He assured council that there is actually no cause for alarm.”

    Stressing that the scarcity was not part of any plan by the government to increase pump price of the product, he said “No. The government has no intention at all to increase the pump price of PMS.”

    But the government’s intervention should not end with clearing the scarcity of the product if it is really true that the supplies of petrol presently in the country will last till end of January.

    There should be a way to check the marketers and prevent them from taking Nigerians for a ride at will.

    Urgent measures should be taken by the relevant agencies of government for checks and balances to determine the cause of the scarcity in other to prevent future occurrence.

    They should be up and doing in their inspectorate and supervisory functions over the oil marketers.

    They should find out if the oil marketers were really the cause of the artificial scarcity.

    Some of the questions they should find answers to include ‘Why did most petrol stations selling up till end of November 2017, suddenly locked their stations first week of December?’, ‘Do they really have fuel in their fuel tanks and refused to see?’ ‘Why are some of the marketers selling above the government approved price per litre?

    During the week, many Nigerians applauded the report claiming that some officials of the Department of Petroleum Resources (DPR) sealed up four filling stations in Edo State for selling fuel above government price of N145 per litre.

    But that is not enough because there are many of such petrol stations across the country trying to cut corners in this period.

    The government agencies should also not shy away from recommending appropriate sanctions for any erring oil marketer to act as deterrence.

    The government should also beam its searchlight at the nation’s porous borders to know if the fuel meant for consumption in the country are again finding its way to neighbouring countries.

     

    Race for number one seat 

    Major political parties in the country are yet to pick their presidential candidates for the forthcoming 2019 presidential elections, let alone the smaller politically parties.

    Neither have the parties signal the beginning of their election campaign.

    But the race for the number one public seat in the country appears to be gathering momentum.

    Latest utterances in the polity across the country are clearly showing that the race for the seat is already on.

    If the February 2019 proposed date for the conduct of the elections by the Independent National Electoral Commission (INEC) is anything to go by, the current administration still has minimum of fourteen months to deliver the goods to Nigerians.

    As much as possible, distractions should be avoided for the long time benefit of Nigerians. They should get value for money in all areas of governance.

     

  • Scarcity amid plenty

    Nigerians last week Monday woke up in most parts of the country to face the ugly oil distribution palaver of the past.

    Scarcity of Premium Motor Spirit (PMS), popularly called petrol, hit most cities resulting in long queues and traffic gridlock.

    While some of the petrol stations did not open for business, those that were open were overwhelmed as others sold the product above the N145 ceiling price for one litre.

    The fuel scarcity was a major one since the increase of the pump price of petrol to N145 per litre in May 2016.

    The hike in price of the product in 2016 effectively ended the scarcity and long queues for the product which was very rampant under the past administration.

    Then many Nigerians had to suffer to buy the product, with  which the country is abundantly endowed. In most cases they had to sleep for many days on fuel queues at petrol stations.

    The factors responsible for the latest scarcity, however, appeared to be beyond the government authorities in charge.

    To government officials, the scarcity was artificially created as the quantity of fuel in the country could not be exhausted till end of January 2018.

    Some Nigerians believe that the scarcity was a result of manipulation by oil marketers to make brisk incomes as some of the petrol stations have already increased the price of the product to N165 and above for a litre of fuel.

    Others saw it as the seasonal hardship normally Nigerians usually encounter eeks to Christmas celebration and other major festive periods.

    The scarcity has also resulted in accusations and counteraccusations among the stakeholders on the actual cause of the problem.

    Last week, the Independent Petroleum Marketers Association of Nigeria (IPMAN) claimed that the Nigerian National Petroleum Corporation (NNPC) was delaying the loading of its members’ trucks at depots.

    IPMAN, had claimed that the private deports, belonging to Major Oil Marketers’ Association of Nigeria (MOMAN) were supplying IPMAN members above the regulated pump price.

    On the other hand, the Depots and the Petroluem Marketers Association of Nigeria (DAPMAN) accused IPMAN of being economical with the truth.

    DAPMAN claimed that it has been supplying its members’ retail outlets at the official price.

    But the good news about the fuel scarcity problem was that the government agencies in charge have been given matching orders to make sure the scarcity ends by last weekend.

    The Minister of Information, Alhaji Lai Mohammed had said “The Minister of Petroleum had assured the Council that we have enough products till the next one month even till the end of January.

    “Thirdly, this is winter period. There is always more demand for refined products for petroleum during winter period in the colder countries, this is what we are experiencing now.

    “Also that it has been the NNPC that has been importing but he has assured. The council gave him a matching order that this fuel scarcity should not last beyond this weekend and they are going to work very hard to ensure that it is curtailed. He assured council that there is actually no cause for alarm.”

    Stressing that the scarcity was not part of any plan by the government to increase pump price of the product, he said “No. The government has no intention at all to increase the pump price of PMS.”

    But the government’s intervention should not end with clearing the scarcity of the product if it is really true that the supplies of petrol presently in the country will last till end of January.

    There should be a way to check the marketers and prevent them from taking Nigerians for a ride at will.

    Urgent measures should be taken by the relevant agencies of government for checks and balances to determine the cause of the scarcity in other to prevent future occurrence.

    They should be up and doing in their inspectorate and supervisory functions over the oil marketers.

    They should find out if the oil marketers were really the cause of the artificial scarcity.

    Some of the questions they should find answers to include ‘Why did most petrol stations selling up till end of November 2017, suddenly locked their stations first week of December?’, ‘Do they really have fuel in their fuel tanks and refused to see?’ ‘Why are some of the marketers selling above the government approved price per litre?

    During the week, many Nigerians applauded the report claiming that some officials of the Department of Petroleum Resources (DPR) sealed up four filling stations in Edo State for selling fuel above government price of N145 per litre.

    But that is not enough because there are many of such petrol stations across the country trying to cut corners in this period.

    The government agencies should also not shy away from recommending appropriate sanctions for any erring oil marketer to act as deterrence.

    The government should also beam its searchlight at the nation’s porous borders to know if the fuel meant for consumption in the country are again finding its way to neighbouring countries.

    Race for number one seat 

    Major political parties in the country are yet to pick their presidential candidates for the forthcoming 2019 presidential elections, let alone the smaller politically parties.

    Neither have the parties signal the beginning of their election campaign.

    But the race for the number one public seat in the country appears to be gathering momentum.

    Latest utterances in the polity across the country are clearly showing that the race for the seat is already on.

    If the February 2019 proposed date for the conduct of the elections by the Independent National Electoral Commission (INEC) is anything to go by, the current administration still has minimum of fourteen months to deliver the goods to Nigerians.

    As much as possible, distractions should be avoided for the long time benefit of Nigerians. They should get value for money in all areas of governance.

  • LASEMA averts major disaster in Magboro

    LASEMA averts major disaster in Magboro

    What could have turned out to a major disaster in Magboro, Ogun State along Lagos-Ibadan Expressway was on Thursday averted by the Lagos State Emergency Management Agency (LASEMA) with salvaging of a 50,000 litres of truck conveying Premium Motor Spirit otherwise known as petrol from catching fire.

    The incident occurred during early morning rain when a truck with registration number – Lagos MK88US belonging to MRS skidded off the road and fell on its side into the ditch spilling its content into the area.

    Hundreds of residents of the area had thronged the scene struggling to scoop fuel before they were dispersed with the arrival of the emergency responders and security operatives from Lagos State.

    Speaking at the scene of the incident, General Manager of LASEMA, Mr. Adesina Tiamiyu said that the Agency received the distress call at about 9.00am on Thursday through the Federal Road Safety Corps (FRSC).

    He said LASEMA swiftly intervened and responded by mobilizing all the required personnel and resources to the scene.

    According to him, although the scene of the incident falls outside the jurisdiction of its operation but Governor Akinwunmi Ambode gave express approval for the Agency’s intervention with the use of its heavy-duty equipment and crane.

    The LASEMA boss said the Agency responded promptly with other emergency responders from the Lagos State Fire Service, Lagos State Traffic Management Authority (LASTMA), Ogun State Fire Service, Rapid Response Squad (RRS) and the FRSC, while the truck was carefully lifted up by the Agency’s Crane.

    He said the Lagos Fire Service also carried out blanket of the truck with chemicals to avoid fire outbreak.

    The RRS, according to him, helped to chase people scooping fuel around the area to avoid any fire outbreak, while LASEMA sensitized the people on the danger of storage of fuel.

    The General Manager, however, advised motorist especially articulated truck drivers to avoid over speeding and always adhere to traffic rules and regulations to avoid unnecessary loss of lives and properties on the roads.

     

  • Wanted Boko Haram kingpin gunned down in clash with soldiers

    A  Boko Haram kingpin who was Number 95 on the list of wanted leaders of the terror sect has died of injuries during a clash with soldiers in Borno State.

    The suspected was initially  arrested on Thursday by a combined team of troops from the 7 Multinational Joint Task Force Brigade Quick Response Group (QRG) stationed in Baga and those of 118 Task Force Battalion while leading a gang of gunmen to ferry fuel through border communities in the  State.

    The army said the suspect was badly injured in a gun battle that ensued and later died while being interrogated.

    Army spokesman, Colonel Sani Usman, said: “troops of the 7 Multinational Joint Task Force Brigade Quick Response Group (QRG) stationed in Baga and 118 Task Force Battalion mounted an ambush along Daban Masara axis used by Boko Haram terrorists to convey logistics.

    “At the encounter, one of the suspected wanted Boko Haram terrorists’ leaders who is serial number 95 on the first Nigerian Army wanted list of 100 Boko Haram terrorists leaders, was fatally wounded in the exchange of fire.

    “He later gave up while receiving medical attention at the base, while other members of his team escaped with gunshot wounds. The troops recovered 7 Jerri cans of 30 litres containing 210 liters of Premium Motor Spirit (PMS), motorcycles and food stuff in addition to arms and ammunition.”

  • Inadequate supply, cause of fuel scarcity in S/East – DPR

    Inadequate supply, cause of fuel scarcity in S/East – DPR

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    The Department of Petroleum Resources (DPR) in Enugu State has attributed the current scarcity of Premium Motor Spirit (PMS) in the South East Zone to inadequate supply of the product.

    The Corporate Manager of the department, Mr. Peter Ijeh, made the disclosure in Enugu on Tuesday in an interview with the News Agency of Nigeria (NAN).

    Ijeh said that the scarcity had led to non-compliance of some major and independent marketers to the new government pump price of the product.

    He said that supply in the five states of the Southeast of Abia, Anambra, Ebonyi, Enugu and Imo had dropped drastically against what used to be previously.

    “Ebonyi State used to have supply of 25 trucks of petrol a day but that has reduced to four trucks, while Enugu which used to have the supply of 80 trucks reduced to 40 as well as three other states of the zone,’’ he said.

    Ijeh said that the department was collaborating with the police and Nigeria Security and Civil Defence Corps (NSCDC) to ensure that petrol dealers complied with the government directive on new pump price.

    He said that the department had started to sanction stations that hoarded the product and sold above N86.

    A NAN correspondent who monitored the level of compliance to the new pump price reports that many filling stations have yet to adjust their pump price to the new rate.

    Some of the filling stations visited sold the product at between N 130 and N150 per litre.

    A station attendant at Chris Tee Oils, Mr Ekene Okpara, told NAN that the station bought fuel from the major marketers at a high price and sold at N130 in order to break even.

    Okpara alleged that some mega stations in the state also hoarded fuel, while those that sold at the new pump price closed in not less than two hours.

    The station manager at Oando Filling station at Uwani, Mrs. Ebere Ogazie, described the new pump price as a `welcome development’ but complained about the non-availability of the product.

    Ogazie said the station would comply with the new price when it received supply.

    NAN reports that Oando, Total, Master Energy and some NNPC mega stations are selling the product at the new rate but have long queues of prospective buyers.