I was able to make some inquiry as to why, we buy fuel at exorbitant amount and still yet the product is not available to buy.
There has been some lingering issue between the independent marketers, NNPC, NUPENG AND PENGASSAN.
on the side of government it is said that, government makes this product available on a subsidized rate, that is government, takes our crude oil overseas, refines it and sell it at a given price, which is officially 140 naira per litre to independent product marketers which in turn sell it at 150 to retailers, and retailers sell it 165 and. (official government rate).
Now here is the intriguing part
On a normal scenario, NNPC upon bringing this refined product to Nigeria, they are supposed to take it to the government owned depot, so that the government scheduled price will be implemented. But rather, NNPC takes this product to private depot and sell it at 180 naira, those private depot sell this product at 190 naira And above to retailers, that is why some retailers are selling around 200 and something Naira and above.
As at today, there is a memo by NNPC, that is going round, that the price of the product has increased to 185, it then means some of us will continue to buy this product at 200 and something Naira and above.
News like this is always the other if the day by our leaders but the truth remain that the NNPC is part of government and has presidential control if the president is not in connection with this kind of act I don't think it can happen all of this are trick use to estort the citizens and subject them inorder to made their way on the particular amount they desire to embezzled.
What then will be the case after being hard that they have decentralized the from the NNPC as private oil marketers can buy and sell on their rate which has even work out well as different suppliers are using the issue of subsidy to influence the cost of fuel, I see all this as politics many who find their way play to the detriment of the poor citizens, all one need is to stand out from certain financial barrier because things like this will always take place until curruption is totally reduce to certain percentage lower the what it's today.