Petroleum Products Retail Outlets Owners Association of Nigeria has ordered owners of filling stations in Rivers State to reduce fuel pump price by N5 from Monday, December 14, 2020.
The directive was issued in Port Harcourt on Wednesday by the Rivers State Chairman, of the association, Francis Dimkpa.
Dimpka also urged petroleum dealers in the state to observe the directive in sequential with the agreement reached between the Organised Labour and the federal government.
The organised labour during a closed-door meeting with the Federal Government agreed to slash the pump price of Premium Motor Spirit also known as petrol from N168 to N162.44 per litre.
Dimkpa stated, “PETROAN welcomes the reduction in price as a result of the agreement between the Federal Government and the Organised Labour and we are looking forward to its implementation from Monday, 14 December, 2020.
“By this, we are encouraging all members of Petroleum Products Retail Outlets Owners Association of Nigeria to key into the government and labour agreement of reduction in price come 14th December, 2020 and effect the reduction as expected.”
However, the state PETROAN Chairman, challenged the ex-depot price of petroleum products be reduced in order to line up with the Federal Government and Organised Labour agreement.
“Our hope is that the implementation will start from the ex-depot price because we know that by the reduction in pump price to the extent of N5, the ex-depot price will also be reflected.
“So, if that is done, we have no reason not to reduce the pump price, hoping that the ex-depot price will be published before then,” he said.