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Akwa Ibom probes oil increases

15 May 2014, 07:38Augustine Osayande

Abuja - The Akwa Ibom State Government has established a petroleum monitoring task force to probe the high cost petrol in the state.

Obong Essien Esema heads the committee whose members are drawn from various security agencies, labour union, Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Ministry of Environment and Mineral Resources.

In the last three months, petrol has been sold between N120 and N150 per litre which is higher than government official price of N95 per litre.

Apart from the Nigeria National Petroleum Corporation (NNPC) Mega Filling Stations, Oando, Total and Mobil selling at N97 per litre, other independent marketers are dispensing petroleum products between N120 and N150.

The spokesman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Eastern Zone, Sir Victor Etefia, said 95 percent of the petroleum products sold in Akwa Ibom were sourced from secondary markets.

- CAJ News

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