Filling Stations to Adjust Petrol Prices Again as Depots Increase Prices to N710 Per Litre
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Petrol stations in Nigeria may increase their pump prices again due to an increase in the ex-depot price of petrol. Independent oil marketers blame the scarcity of petrol on private depots' hike in the ex-depot price of petrol to N710 per litre, while the pump price at NNPC stations is N617 per litre. Motorists have formed long queues at NNPC stations as filling stations operated by independent marketers have shut down. The Independent Petroleum Marketers of Nigeria (IPMAN) is in talks with NNPC to secure supplies. The scarcity has led to some marketers stopping petrol imports and sales. NNPC spokesperson Olufemi Soneye has debunked reports that NNPC owes marketers about $6 billion in backlog payments. NNPC has also denied forcing customers to buy lubricants or engines as a condition for purchasing fuel at its retail stations.

#Petrol #FuelScarcity #Nigeria #Nnpc #IndependentOilMarketers

https://www.legit.ng/business-economy/energy/1600902-filling-stations-adjust-petrol-prices-depots-increase-pirces-n710-litre/