Oil Marketers Issue Warning, Say Petrol Price Possible To Increase

Oil marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria, have warned the Nigerian general public of possible hike in the petrol price in the coming days.

The marketers asked Nigerian residents to expect to buy the product at ‘any price’.

They alleged that the Nigerian National Petroleum Company Limited refused to give its members products, and that they bought at N205 from third parties.

Speaking to Punch on Thursday, the National Controller Operations, IPMAN, Mike Osatuyi, stated that members of the association bought the products for N205 and would add N13 transportation to the cost.

“NNPC refuses to give us fuel. We buy from third parties and can sell at any price because if the landing cost to our stations is N218 per litre, how much do you expect us to sell? So the public should expect fuel at any price, depending on the area,” he said.

The spokesperson for NNPCL, Garba Deen Mohammed, was unable to be reached for his reaction.

Spokesperson for the Major Oil Marketers Association of Nigeria, Clement Isong, also said that the association had held a logistics meeting with the NNPC.