TO PPPRA !!!
….NOW THAT PMS IS N143.80 PER LITER
Most marketers bought their old stocks between N121 to N123 per liter, with the new price regime, the regulator, PPPRA, should’ve made it mandatory to all the major and independent marketers not to change to the new price regime till old stocks are finished at the various filling stations….what it means is that they got a whooping N20 to N22 profit per liter from the old stocks after buying it at the rate of at the various depots.
It doesn’t just add up for marketers to immediately change to the new price regime and sell PMS/Liter at N143 when they actually bought it at N121…the old stock.
This is outright CHEATING and proceeds of CHEATING do not take one to the promised land….HEAVEN.
I blame the PPPRA more.
May the ALMIGHTY change the hearts of Nigerians positively.