Home News Why Weeldrop Petroleum Won’t Sell Petrol Above N140

Why Weeldrop Petroleum Won’t Sell Petrol Above N140


Chief Executive Officer of Weeldrop Petroleum, Wale Salman-Oladiti, has said that nothing would stop the petroleum outfit from selling premium motor spirit at the approved pump price of N140 per litre.

Weeldrop Petroleum, which is one of the fastest growing oil brands in the state, was recently commended by complying with the approved price.

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The Department of Petroleum Resources, DPR, after a monitoring exercise in Ibadan, the Oyo State capital, commended Weeldrop, SAO, BOVAS and others “for not selling above the price.”

According to him, the company has never sold petrol above the approved price, explaining that “from the beginning, we have it at the back of our mind that nothing will make us sell our products above the approved price. We set our target. We have rules that guide our operations. Apart from sensitizing our staff to the importance of selling at the approved price, we monitor our staff every now and then.”

The 38-old computer science graduate of the University of Abuja revealed that it was in a bid to alleviate the sufferings of the masses, especially during scarcity that led to the establishment of Weeldrop six years ago.

“I want to urge petroleum marketers to desist from hoarding the product or selling above government approved prices,” adding that when they do the right thing, other things will come in,” he added.

He also added that apart from the new station hat he commissioned recently at Iyana Oke-Adu junction, Agodi-Gate, Ibadan, works have started on some other projects in Ibadan.

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