Business
New Petrol Price: Commercial Transporters Want Task Force In Rivers
As most petrol stations
are yet to obey the new fuel price of N87 per litre, cab and bus operators in Rivers State, have demanded for a task force in order to enforce compliance by oil dealers to the new market price.
The commercial transport operators, said without a taskforce in the state, most of the independent marketers would continue with the old price of N97 per litre.
Some of the operators who spoke with The Tide on Monday in Port Harcourt, said fuel attendants now sell at night in order to evade the new order.
Mr John Akpan, said apart from the major marketers, majority of the fuel dealers are not ready to obey the new price order.
He need that the dealers are insisting on finishing their old products which they claimed to have bought at a high price before they will obey the new price directives.
Akpan pointed out that if the order was to increase the price, that fuel dealers in the state would have been the first to cue in.
He also supported the idea of a monitoring task force to monitor and fish out those who are still selling at the old price.
According to him, any law without sanctions is no law, thus the need to clamp hard on all marketers who are yet to adopt the new price orders.
A female cab operator, Mrs Edna Igwe, said that the poor masses are always the ones to suffer at any given time.
She regretted that the Federal Governments order could be treated with such levity and suggested sealing off any fuel station that is still operating with the old price
On whether the commercial operators would reduce their fare, Igwe said no, adding that commuters are already used to the system.
The Tide learnt that most of the fuel dealers have started hoarding the product in order to force buyers to buy at the old price or even higher.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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