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

Government reopens Kwara schools after weeks of closure

THE Kwara State Government has approved the reopening of all schools across the state from…

28 minutes ago

Tyla shines, Burna Boy, Davido, Ayra Starr crawl at Grammys 2026 – African music

News Update South African singer, Tyla, has won the Best African Music Performance award at…

6 hours ago

List of African Countries Americans should not travel to in 2026 emerged

News Update THE United States has added Niger to its Level 4 “Do Not Travel”…

6 hours ago

Ondo at 50: Aiyedatiwa anchors State’s future on faith, justice, ethical leadership at thanksgiving service

News Update Governor of Ondo State, Dr Lucky Orimisan Aiyedatiwa, has attributed the survival and…

6 hours ago

How Nigerian Singer, Nanyah died after snake bite in Abuja

News Update More facts have emerged regarding the death of upcoming singer, Ifunanya Nwangene, who…

9 hours ago

Osun Assembly Alleges Diversion Of Council Funds By ‘Sacked APC LG Chairmen’, Accuses Minister Oyetola, UBA

OSUN State House of Assembly has raised the alarm over what it described as the…

15 hours ago