{"id":135883,"date":"2024-10-28T12:13:44","date_gmt":"2024-10-28T11:13:44","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/petrol-marketers-decry-ghost-buying-at-petrol-stations"},"modified":"2024-10-28T13:18:29","modified_gmt":"2024-10-28T12:18:29","slug":"petrol-marketers-decry-ghost-buying-at-petrol-stations","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations","title":{"rendered":"Petrol marketers decry ghost buying at petrol stations"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Petrol marketers have lamented low patronage at their retail outlets nationwide with the price of a litre of petrol now above N1,000 in most filling stations across Nigeria.<\/p>\n

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Billy Gillis-Harry, while on the Monday edition of Channels Television\u2019s The Morning Brief breakfast programme, said marketers are now cutting workers and shifts because of high pricing and low returns on investment.<\/p>\n

Gillis-Harry said, \u201cMarketers, retail outlet owners, all of us in the industry are finding it difficult to cope with the current situation, we used to buy 45,000 litres of fuel a couple of months ago for less than 8.5 million naira but today, we have to cough out about 49 million naira to buy the product.<\/p>\n

\u201cFinancial institutions are not coming to our rescue. The cost of money is so high, it is so difficult to even sell, what we get to our retail outlets is not quickly bought because Nigerians also have the challenge with their buying power.\u201d<\/p>\n

On his part, IPMAN spokesman Ukadike Chinedu said filling stations nationwide have become ghost places as middle-class Nigerians have abandoned their vehicles and embraced public transportation.<\/p>\n

\u201cMost of the money we use in investing is bank money. It\u2019s being borrowed and the interest rate is also high. There is no return on investment because the more we sell, the more we make profits,\u201d Chinedu said.<\/p>\n

The two unions urged President Bola Tinubu to provide N100bn as a seed fund for oil marketers to stay afloat, just like the aviation and agricultural sectors.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Petrol marketers have lamented low patronage at their retail outlets nationwide with the price of a litre of petrol now above N1,000 in most filling stations across Nigeria. The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Billy Gillis-Harry, while on the Monday edition of Channels Television\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":135882,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[254,9635],"class_list":["post-135883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nigeria","tag-petrol-marketers"],"yoast_head":"\nPetrol marketers decry ghost buying at petrol stations - Nigeria<\/title>\n<meta name=\"description\" content=\"Petrol marketers have lamented low patronage at their retail outlets nationwide with the price of a litre of petrol now ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petrol marketers decry ghost buying at petrol stations\" \/>\n<meta property=\"og:description\" content=\"Petrol marketers have lamented low patronage at their retail outlets nationwide with the price of a litre of petrol now ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-28T11:13:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-28T12:18:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1730105278.008578.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Petrol marketers decry ghost buying at petrol stations\",\"datePublished\":\"2024-10-28T11:13:44+00:00\",\"dateModified\":\"2024-10-28T12:18:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1730105278.008578.jpg\",\"keywords\":[\"Nigeria\",\"petrol marketers\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/petrol-marketers-decry-ghost-buying-at-petrol-stations\",\"name\":\"Petrol marketers decry ghost buying at petrol stations - 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