Business

Marketers issue warning of potential increase in petrol price

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.

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.
CONTINUE READING…

Do you have any information you wish to share with us? Do you want us to cover your event or programme? For Adverts or reports call/WhatsApp us on +2348072633727

Agency1

Recent Posts

Ekiti: APC Members in Ise/Orun Reject Alleged Endorsement of Toyin Okoro

News Update Members of the All Progressives Congress in Ise/Orun Local Government Area of Ekiti…

11 hours ago

Oyebamiji Awards Scholarships up to University level to Four Children of Osogbo Rainstorm Victim

..Family prays God grant APC victory in August 15 News Update Following the heavy rainstorms…

13 hours ago

Easter: Oyebamiji Celebrates Christians, Urges Continued Peaceful Coexistence

THE Governorship Candidate of All Progressives Congress APC in the forthcoming governorship election in Osun…

22 hours ago

Easter: Fayemi Urges Nigerians to Keep Hope Alive

As Christians commemorate the resurrection of Jesus Christ, the immediate past Governor of Ekiti State…

23 hours ago

Ekiti Marks World Autism Day with Awareness Walk, Trains Personnel on Screening

‎THE Ekiti State Government on Thursday stepped up efforts to promote inclusion and early intervention…

24 hours ago

Abuja roadside birth as mentally challenged woman delivers

The Federal Capital Territory Police Command has rescued an unidentified mentally challenged woman who delivered…

2 days ago