NNPC, others hike fuel price to N955 per litre

By Mariam Eko

The terms of Premium Motor Spirit, PMS, different known arsenic petrol, yesterday, accrued by 6.8 percent to N955 per litre, from N890 per litre sold past week.

Vanguard gathered that stations of the Nigerian National Petroleum Company Limited, NNPCL, and stations owned by Independent Marketers successful Lagos and Abuja showed that the petrol was dispersed betwixt N900 and N955 per litre.

In a telephone interrogation with the Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mr. Chinedu Ukadike attributed the hike to proviso and logistics challenges incurred by large marketers successful the industry, which see NNPCL and Dangote Refinery.

He noted: “Dangote accrued their loading terms to N845 per litre, arsenic against N825 earlier sold, thereby resulting to a selling terms of betwixt N900 and N955, depending connected the location.

“We are alert that NNPCL supplies lone to their retail outlets. Presently, the proviso astatine Dangote is not capable for marketers. Most of our members, who paid for products to Dangote, are yet to load for 2 weeks now.

“I volition accidental that erstwhile radical are scrambling for products, it results to hike successful price. Some marketers, who paid to bargain astir 3 cardinal litres from Dangote, were lone fixed 1 cardinal litres, arsenic they complained of products being rationed, amongst marketers.”

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