ABUJA – The reduction of pump price of petrol from N97 to N87 per litre which was announced by the Minister of Petroleum Resources, Mrs. Alison Madueke, has been effected by most of the petrol filling stations in Abuja.
Reports indicate that most of the stations have complied with the reduction directives.
In Conoil, Central Business District, Abuja, Mr Ibrahim Isah, the Station Manager, said that the change was effected as early as 7 a.m. as the price board was equally changed from 97 to 87.
“The effect of the reduction is not palatable because we have to sell below the amount we bought; but that is the theory of business, profit and loss; you are bound to lose sometimes,” he said.
At Total filling station, Wuse, the station manager who pleaded anonymity, said that it complied with the reduction but it affected the dealers.
“Our product came Sunday night at N97 and we will have to sell at N87; it is not funny at all because we are running at loss,” he said.
Mr Sunday Obi, a motorist, expressed happiness with the development but expressed fear that the stations did not adjust their meters to suit themselves.
“The reduction is not much because it is not as expected; N10 is not a very significant reduction. I am appealing to the Federal Government to try as much as possible to reduce the pump price to N60,” he said.
Also speaking, Malam Mohammed, a motorist, said that in spite of the reduction in the capital territory, it might not be so everywhere else.
“The main reason of this reduction is obviously political; why is it coming now? It is just a campaign strategy,” he said.
Musa Tahir, an attendant, said that the product on sale now was the old stock bought at the old price but was being sold at the new price.
“However, we are happy about the reduction, and we pray it reduces more than it is now,” he said.