PENGASSAN URGES FEDERAL GOVERNMENT TO REVOKE LICENCE OF OIL MARKETERS SELLING PETROL ABOVE APPROVED PUMP PRICE
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has urged the Federal Government to revoke licences of oil marketers selling above approved pump price of petrol.
PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority should mobilise its staff nationwide to monitor compliance and anyone found wanting, should have their licences revoked to serve as a deterrent.
The Association, in a statement by its National President, Festus Osifo, said the call for the revocation of licences became urgent, following persistent scarcity of PMS in the last six months.
Osifo, while empathising with Nigerians on the hardship currently faced with the scarcity and hike in petrol price, decried that one litre of fuel is being sold between 185 to 650 naira, depending on the location and outlet.
He said the national leadership of PENGASSAN had been following up with its members in NNPC Trading Limited who were responsible for assigning the products to marketers.
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