Rep accuses NNPCL, marketers of creating monopoly in fuel distribution sector

A lawmaker representing Yenagoa/Opokuma Federal Constituency, Bayelsa State, Oboku Oforji, on Thursday, accused the Nigerian National Petroleum Company Limited (NNPCL) and major marketers of creating a monopoly in the distribution of Premium Motor Spirit (PMS), commonly known as petrol.

Oforji, who stated his sentiment during plenary in Abuja, expressed concerns about the exclusive rights granted to NNPCL and major marketers to lift PMS from refineries, arguing that this practice was detrimental to consumers and the economy.

He likened the situation to a “greed-driven monopoly” that has resulted in the ongoing scarcity of petrol in Nigeria.