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.
Daily Post Nigeria
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the current increase in the pump price of petrol in the Southeastern part of Nigeria is because of a shortage in the supply of the product.
Chairman of IPMAN, Enugu Depot in charge of Anambra, Enugu and Ebonyi States, Mr Chindedu Anyaso, while speaking with journalists in Awka on Friday said the prevailing price of between N170 and N175 in the zone was unfortunate but inevitable because of the reality in the market.
“Our members are selling products at between N170 and N175 but it is not any fault of theirs, I am surprised that NNPC is saying people should sell at N162 when they themselves are not selling.
IPMAN says supply shortage cause of petrol increase in South East IPMAN says supply shortage cause of petrol increase in South East
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the current increase in the pump price of petrol in the South East was caused by supply shortage.
Mr Chindedu Anyaso, Chairman of IPMAN, Enugu Depot in charge of Anambra, Enugu and Ebonyi States said this while speaking with journalists in Awka, on Friday.
Anyaso said the prevailing price of between N170 and N175 in the zone was unfortunate but inevitable because of the reality in the market, explaining that the current hike was due to supply shortage.
Petrol sells for N175 per litre in Anambra today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.