Marketers give conditions to sell petrol for N300/litre
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Oil marketers, represented by the Major Energy Marketers Association of Nigeria (MEMAN), state that petrol prices at the pump cannot drop below N300 per litre unless Nigeria starts manufacturing PMS in significant quantities. They argue that the price will crash when mass production begins, citing the example of diesel prices which dropped from N1,700 to N1,200 after Dangote refinery began production. The marketers claim that foreign refineries are taking advantage of Nigeria and that local refiners need access to sufficient crude oil. Some filling stations in Nigeria have started selling Compressed Natural Gas (CNG) as an alternative to petrol. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ordered all filling stations to commence selling CNG.

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https://www.legit.ng/business-economy/energy/1596789-i-assure-diesel-marketers-states-condition-crash-petrol-n300litre/