In a media chat with pressmen in Port Harcourt, River States, Dr. Bills Gillis-Harry, President of the Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has insisted that fuel prices will continue to be on the rise except government makes attempts to have functional refineries in the country.
The PETROAN boss said it is obvious that government can’t afford to use $1.8 billion to revamp the four refineries, hence, the need to involve his association with the capacity to manage the refineries because of its vast establishments across the county.
On the continued rise in fuel prices and the attendant consequences on ordinary Nigerians, Gills-Harry said it is probable that the buying price of petrol could sell for N200 per liter giving the incessant increases in depot prices.
He called on the federal government to be sincere in completely deregulating the sector “ As far as pricing of petroleum product is concerned, we know that because of certain exigencies that are happening in the market, prices of petroleum product will continue to increase”
On the removal of subsidy, he said the association will work with the government to ensure that it was no longer the order of the today while calling on the government to initiate economic dynamics that should cushion serious effects in the industry.