• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

NUPENG gives marketers ultimatum on official rate of petrol

Petrol

The Matters Press by The Matters Press
February 27, 2022
Reading Time: 2 mins read
0
July petrol pump price ranges between N140.80 and N143.80

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has given a 24-hour ultimatum to oil marketers to revert to the official rate of N148.77 to avoid sanction.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

NUPENG’s President, Mr Williams Akporeha, gave the warning in a statement on Saturday in Lagos.

“We are giving these marketers 24 hours, with effect from midnight of Feb.27, to revert to official rate of N148.77 or we shall name and shame them as public enemies aside from other sanctions,” Akporeha said.

He said it was regrettable that some unidentified oil marketers were exploiting Nigerians by selling Petroleum Motor Spirit (PMS) from the depots at prices far above the official rate.

“Our attention and empathy have been drawn to the harrowing experiences and pains of the general public due to the exploitative and unscrupulous activities and tendencies of petroleum products marketers.

“These marketers are taking advantage of the seeming gaps and teething challenges in the implementation of Petroleum Industry Act to enrich themselves at the expense of the people.

“It is an undeniable fact that PMS is still under subsidy regime, and we find it worrisome that these marketers are selling PMS from the depots at prices far above the official rate,” he said..

The union leader called for some measures to checks and control the prices of Automotive Gas Oil Turbine Kerosene and Dual Purpose Kerosene in spite of being deregulated.

According to him, if this is not done, the entire productive activities will be grounded.

He directed union officials in all the zones to start compiling lists of petrol stations in the habit of hoarding products during the day and selling at nights at exorbitant rates for possible sanctions.

“These also includes; petroleum products depots that may want to be hoarding products because of our decision on this matter.

“The union cannot continue to watch as some cabals keep on exploiting the people and the nation,’” he stressed.

Akporeha urged the general public to bear with the union in whatever actions it deemed necessary against the exploiters.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
NDLEA uncovers large consignment of drugs

NDLEA arrests drug kingpins, recovers 5,862kg drugs in Lagos

Fair exhibitors adopt strategies to boost sales

Kaduna fair for improvement of trade, investment

Recommended Stories

Nigeria has not taken decision yet on fuel subsidy

Nigeria shelves removal of subsidy on petroleum products

January 24, 2022
Farmers, AKILIMO poise to boost cassava production

Nigeria urges stakeholders to facilitate more cassava varieties

September 13, 2022
Nigeria, Equatorial Guinea in talks to boost gas production

Efforts ongoing to prevent further gas leak — NUPRC

September 21, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us