Afrigather 
The Petroleum and Pure Fuel Senior Employees Affiliation of Nigeria (PENGASSAN), has urged the Federal Authorities to revoke licences of oil entrepreneurs promoting above authorised pump worth of Premium Motor Spirit (PMS).
PENGASSAN stated the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) ought to instantly mobilise its workers in varied areas nationwide to observe compliance and anybody discovered wanting, ought to have their licences revoked to function a deterrent.
PENGASSAN, in an announcement on Monday by its Nationwide President, Mr Festus Osifo, stated the decision for the revocation of licences turned pressing, following persistent shortage of PMS within the final six months.
“Ought to this collusion go on unchecked, we is not going to hesitate to companion with different stakeholders in making certain that Nigerians should not additional exploited. A sew in time saves 9,” he stated.
Osifo, whereas empathising with Nigerians on the hardship at present confronted with the shortage and drastic hike in PMS worth, decried that one litre of PMS is being bought between N185 to N650, relying on the placement and outlet.
“Whereas we perceive that the parameters imputed into the outdated PPPRA and now NMDPRA template has since modified due to some financial vagaries akin to change price fluctuation, vessel hiring value and price of Automotive Fuel Oil (AGO) amongst others.
“There isn’t any adequate justification for PMS to be promoting for such extremely inflated worth, thereby subjecting the plenty to additional difficulties.
“Despite the fact that we now have some good entrepreneurs who are inclined to play by the foundations, others who’re overbearing have deployed strategies of making synthetic scarcities to hike the worth of the product uncontrollably.
“From knowledge obtainable to us from our members, there’s over 30 days PMS sufficiency within the nation; therefore there is no such thing as a foundation for the present shortage and hardship that Nigerians are being subjected to,” he stated.
He stated the nationwide management of PENGASSAN had been following up with its members in NNPC Buying and selling Restricted who had been liable for assigning the merchandise to entrepreneurs.
He stated it has been following its teaming members from NMDPRA in varied depots and terminals throughout the nation on the necessity to perform their capabilities expeditiously.
He stated these members had been liable for issuing cargo clearance, monitoring compliance, routing inspection, metering calibration/upkeep, correct supply to vehicles and file protecting, amongst others. (NAN)
