Five in 10 Nigerians Buy Petrol above N97, Says Report

The second quarter results for the Petrol Pump Price Monitoring Polls (PPPMP) conducted by NOI Polls Limited showed that between April and June 2013 an average of 52 per cent adult Nigerians, translating to about 45.2 million Nigerian adults were buying petrol above the official pump price of N97 per litre.

This marks a five-point decline from an average of 57 per cent in the first quarter of 2013, with the results indicating that six in 10 Nigerians (60per cent) blame the differences in petrol price on lack of government monitoring of petrol sales.

The purpose of the poll, according to the organisers, is to monitor and analyse the current pump price and uses of petrol in Nigeria, as well as to measure the perception of Nigerians towards the petrol price differences at various points of sale.

According to the organisers of the polls, over 3000 respondents were interviewed over a six month period – January-June and the respondents were asked ten questions for each monthly poll, but only five of these had been reviewed in the report.

“In order to determine the main petrol distributors that Nigerians patronise and analyse their purchase trends, respondents to the poll were asked: Where do you mainly buy petrol from? The responses indicate that in the second quarter of 2013, 55per cent of Nigerians bought petrol from major marketer filling stations. This is followed by 34per cent of Nigerians who bought from independent marketer filling stations then 11per cent who bought from hawkers,” said the report.

The results showed that the North-central and South-west zones have the highest percentage of Nigerians purchasing petrol from major marketer filling stations with 64per cent and 62per cent, respectively.

The South-east zone has the highest percentage of people purchasing from independent marketer filling stations with 46 per cent, while the North-east zone has the highest percentage of people purchasing from hawkers with 28per cent, according to the findings.

The nationwide survey also showed that the South-west zone with 68per cent makes up the highest proportion of respondents who bought at N97, while the North-east with 72per cent – at varying percentages bought at different prices, makes up the highest proportion of respondents who bought petrol above N97.

The North-east also makes up the highest proportion of respondents who bought petrol above N130 with 16per cent.
The report noted that these results were in line with the previous explanation about the security issues and shows that those buying from hawkers invariably pay more for petrol.

The results of the polls also showed that the North-east zone makes up the highest proportion of respondents, about 73per cent, who blamed the price differences on lack of government monitoring.
The North-west zone makes up the highest percentage of respondents who blame price disparities on hoarding.

Source: This Day

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