OrderPaper Today- The House of Representatives has mandated its committee on Petroleum Resources (Downstream) to investigate alleged discriminatory practices by the Petroleum Products Marketing Company Limited (PPMC) and the Petroleum Products Pricing Regulatory Agency (PPPRA) against independent petroleum marketers in the sale of Premium Motor Spirit (PMS) , with a view to ensuring a uniform pricing regime for all concerned marketers.
The lawmakers took this stand when they adopted the resolution of a motion sponsored by Olusegun Odebumi (APC, Oyo) and Abubakar Fulata (APC, Jigawa).
Leading debate on the motion, Mr. Odebumi noted that the PPMC is a subsidiary of the Nigerian National Petroleum Corporation saddled with the responsibility of coordinating the distribution of petroleum products in the downstream sector of Nigeria’s Petroleum Industry and that PPPRA, also a subsidiary of the Nigerian National Petroleum Corporation, is saddled with the responsibility of fixing prices for petroleum products in Nigeria.
The Oyo lawmaker further noted that there were two blocks of marketers in the downstream sector of the nation’s petroleum industry, namely the major marketers and the independent marketers.
He alleged that, “Petroleum Product Marketing Company Limited, being the coordinator of petroleum products distribution in the downstream sector, is selling the Premium Motor Spirit (PMS) to the two blocks at different prices – selling the Premium Motor Spirit (PMS) to Major Marketers at N125.65k per litre and selling to the Independent Marketers at N133.28 per litre.
The representative also disclosed that “Since members of the two blocks are selling the products to retailers in the same market, the discriminatory prices have been affecting the participatory capacity of the Independent Marketers in the market, as well as impoverishing them against their counterparts in the sector.
“We need to check the discriminatory practices of the Petroleum Products Marketing Company Limited in order to give all concerned marketers a sense of belonging,” he urged his colleagues.
The motion was adopted and referred to the committee on Petroleum Resources (Downstream) for further input.