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5 Dec 2017

Fuel Scarcity, Price Hike Looms as Queues Resurface at Petrol Stations

Fuel queues have resurfaced at petrol stations in Lagos, Ilorin, Benin City, Sokoto and other cities in the country.

In Sokoto, marketers have increased the pump price to N150 per litre. The Nigeria National Petroleum Corporation (NNPC) however said it had not increased petrol pump price.

The marketers in Lagos said they are on strike because the NNPC to grant their demand for reduction in the price of the product.

The members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) claim that they buy petrol at N142 per litre from depots and the Petroleum Products Association of Nigeria(DAPMAN), a price, which has left them with little or no gains, after adding transportation and other incremental costs.

They said they were planning a major strike from Monday, unless the government averts it.

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