ilIGERIA UNIOI{ OT PEIROI.EUTI'I Al{D NATURAI.

GAS WORKERS
HEAD OFFICE:
AFFITIATED TO THE 9, Jibowu Street, Yaba, Lagos.
NTGERTA LABOUR CONGRESS (NrC) Tel: +234 703 188 1138, +234 803 305 1883,
+234 873 452 5338, +234 809 922 2778.
& lndustriALL Global Union
Website: www.nupeng.org
Emoil: headoffice@nupeng.org

Ref:
NUPENG
PRESS RELEASE

EXPLOITATIVE BEHAVIOR OF MARKETERS OF PETROLEUM PRODUCTS

Our attention and empathy have been drawn to the harrowing experiences and
pains of the general public due to the exploitative and unscrupulous activities and
tendencies of Petroleum Products Marketers who taking advantage of the seeming
gaps and teething challenges in the implementation of Petroleum lndustry Act to
enrich themselves at the expense of the Country and the people.

It's an undeniable fact that the Petroleum Motor Spirit (PMS) is still under subsidy
regime, and we find it disheartening and worrisome that these unscrupulous
Marketers are selling PMS from the depots at prices far above the official rate.

We are giving these Marketers twenty-four (24) hours with effect from midnight
of Sunday, 27th February,2O22lo revert back to official rate of 1-48.77 or we shall
name and shame them as public enemies aside from other sanctions.

It is also disturbing that even though AGO, ATK and DPK are deregulated, there
must be some measures of checks and control over the prices otherwise the entire
productive activities will be grounded.

We have it on good authority that it's one Marketer that determines and fixes
prices of these products for other Marketers to adopt leaving all consumers
(domestic and industrial) at their mercy.

This unsavory situation is evidently clear from the cries of the airlines Operators,
road transport Operators, factories Owners and private homes and offices.

The Union cannot continue to watch as some cabals keep on exploiting the people
and the nation.

We implore the general public to bear with us in whatever actions we deemed

necessary against these exploiters.

SUPPORT OUR DREAM

Painfully, we noticed the helplessness of the NNPC in this in view of the
implementation of the Act and also noted that these Marketers are taking
advantage of the newness of the Nigerian Midstream and Downstream Regulatory
Authority to rip off Nigerians.

The nation and the people are bleeding and in the absence of any decisive
institutional intervention, NUPENG has decided to once again step up in the
defense ofthe people, the nation and the industry.

We are also by this press release directing all our officials in all our zones to start
compiling lists of petrol stations that are in habit of hoarding products during the
day and selling at nights at exorbitant rates for possible sanctions.

These also include Petroleum Products depots that may want to be hoarding
products because of our decision on this matter.

Our Solidarity remains constant, for the Union makes us strong!

Signed: f\

coM RADE dNMAM s AKpoRE HA COMRA OLABIOLAWALE

President General Secretary