Tell Nigerians How Much You Spend Importing Petrol, Reps Tell NNPC
The House of Representatives Ad hoc Committee on Review of Petrol Price has directed the NNPC and its subsidiaries to make public the true cost of imported petroleum products.
The Chairman of the Committee, Raphael Igbokwe, gave the directive in an interview with newsmen on Saturday in Lagos.
Igbokwe spoke on the side lines of the committee’s visit to Lagos depots of some private operators involved in transportation and distribution of petrol from the ports to the consumers.
The depots visited by the committee are Folawiyo Energy Limited, WOSBAB Energy Solutions, First Royal and Stallionaire Oil & Gas Limited.
According to him, NNPC and its subsidiaries sourced 90% of petrol while private marketers sourced only 10% of the product into the country.
“The reason for our curiosity and unannounced visit to some depots is that our investigation shows that importation of petrol is no longer profitable to the private marketers and dealers.
“The issue is how come that only the government agencies are engaging in the importation and supply of petrol.
“This will make us to compel them to open their (NNPC and subsidiaries) books for Nigerians to know the true cost of importation of petrol,’’ Igbokwe said.