Filling stations in Cross River State have not adjusted their petrol pump price to reflect the new pump price announced by the Federal Government of Nigeria.
DAILY POST reporter, who went round various filling stations on Monday, observed that the product was being sold at N125 per litre as against N123. 50 announced by the Federal Government.
The Federal Government had, two weeks ago, announced the reduction of petrol pump price from N125 per litre to N123. 50 but the owners of the filling stations refused to adjust their pump to reflect the new price.
A fuel marketer, who declined giving his names, said it will take filling stations’ owners more weeks to adjust their pump price as they are still selling old stocks.
Some of the fuel dealers said that by selling at the new pump price would make them incur unexpected losses.
“We bought this fuel at a cost higher than what federal government has announced and until we exhaust that product, we cannot adjust our pump
“Unless government pays for the losses we incurred, we will not adjust to the new pump price,’’ he stated.
A customer, who gave his name as Edem Akpan Umo, urged the federal government to ensure that filling stations adjust their pump to reflect the new price.
“Federal Government should come down on these people; if not so they will continue to exploit the people. We cannot remain silent on this.
“If the price was to be adjusted upward, the owners of filling stations would have adjusted the pump price before we knew it.
“These people must be made to comply with immediate effect. Failure to do that must attract sanction” he said
He asked the federal government to set up a task force to enforce compliance as failure to this; the people will continue to suffer.