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Marketers issue warning of potential increase in petrol price

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Oil marketers, on Thursday, issued a stern warning to the public, asking them to expect to buy petrol at ‘any price’.

Marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria, said that the Nigerian National Petroleum Company Limited refused to give its members products and that they bought at N205 from third parties.

“NNPC refuses to give us fuel. We buy from third parties and can sell at any price because if the landing cost to our stations is N218 per litre, how much do you expect us to sell? So the public should expect fuel at any price, depending on the area,” he said.

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The spokesperson for NNPCL, Garba Deen Mohammed, could not be reached for his reaction.

According to the Punch, the Spokesperson for the Major Oil Marketers Association of Nigeria, Clement Isong, said that on Wednesday the association had held a logistics meeting with the NNPC.
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