Fourty hours after the Federal Government’s directives that pump price of Premium Motor Spirit, PMS, be fixed at 125 Naira, petrol stations in Port Harcourt are still selling at the old pump price of 145 Naira per litre.
Users of the products attributed the non-compliance by dealers to the new price regime to greed.
Though the Federal Government got thumbs up for the reduction, they said a 50 per cent reduction should have been ideal since the global price dropped by 50 per cent.
Chairman of the Independent Petroleum Marketers Association, Rivers State chapter, Obele Nchu, said the non-compliance is no fault of theirs because the memo for change at the depot got to them only 24 hours ago.
Nchu, however, said the Association has set up a monitoring committee to ensure strict adherence to the new price regime as soon as they start lifting from the depot.
The Federal Government on Wednesday announced a drop in pump price of PMS without doing same in the pump price of diesel and kerosine.
