Petrol pump price dilemma lingers as FG retains subsidy guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
Vanguard News
Expect to pay N195 per litre for petrol, marketers tell Nigerians
On
By Obas Esiedesa – ABUJA
Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.
They lamented what they described as “inconsistencies” on the part of the Federal Government, Nigerian National Petroleum Corporation and its subsidiary, the Pipeline and Products Marketing Company (PPMC) on deregulation policy.
NNPC had last week ruled out immediate price rise until a scheduled meeting between the Federal Government and labour unions at the end of the month.
Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.
By Yakubu Uba
Maiduguri, Feb. 19, 2021 The Department of Petroleum Resources (DPR) says queues observed in some filing stations in Maiduguri are caused by panic buying by motorists on the assumption that the price of petrol would soon increase.
Mr Ibrahim Ciroma, North East Zonal Operations Controller of DPR, told newsmen in Maiduguri on Friday that the assumption was unfounded because Maiduguri received between 15 and 20 trucks of petrol daily.
Ciroma urged motorists not to panic as the DPR was on top of the situation.
According to him, there is no cause for alarm.
“Maiduguri receives between 15 and 20 trucks of petrol daily and we are monitoring all filling stations to ensure that no one hoards or sells above the official pump price of N162 per litre.