headline
Fuel dealers predict new petrol price as supply drops
The petrol dealers under the umbrella of Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria has said the price of petrol might increase to N170.
The dealers warned on Thursday that the rising cost at depots would directly increase the pump price of the pump price of Premium Motor Spirit, if not checked.
They also complained of PMS supply problems, stressing that many tank farms or depots had no petrol, which was why the few ones that had the commodity had to increase its price from the approved N148/litre price to N159/litre.
But the Nigerian National Petroleum Company Limited maintained its stance that it had enough petrol to last the country all through the festive season and beyond.
IPMAN and PETROAN members own bulk of the filling stations across the country and make purchases from depots before selling to final consumers at their various retail outlets.
Providing explanations for the rising cost of petrol at depots, owners of the facilities said that it was because the recent agreement reached by key stakeholders in the downstream oil sector had yet to be effected by the Federal Government.
-
latest news5 years ago
N-Power releases names of pre-selected 2017 N-TEACH [FULL LIST]
-
Metro6 years ago
Cheating wife stuck to man in an hotel
-
News2 years ago
Sanusi reveals why he can return as Emir of Kano [Watch video]
-
Entertainment6 years ago
Funke Akindele replies to Buhari’s comment
-
Metro2 years ago
Kobe Bryant: 9 bodies recovered from scene of helicopter crash
-
Metro6 years ago
World’s oldest man,aged 145, discovered in Indonesia
-
News2 years ago
Outrage as professor of medicine is accused of “colluding” with late Coronavirus patient to hide his travel history from doctors, nurses and burial attendants in Kwara
-
music5 years ago
UNCLE G epic musical video shoot