BREAKING: Petrol Marketers Increase Pump Price Amid Scarcity
- The price of petrol has now increased because it is difficult to sell at the official pump price according to Independent marketers
- Recall that scarcity of the product resurfaced in Lagos, Akure, Ado-Ekiti, Abeokuta, Jos, among other towns in the Southwest
- According to the marketers, with the current price, there is no way they can sell less than N180 per litre
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Independent Petroleum Marketers Association of Nigeria (IPMAN) has increased the price of petrol despite the official price still fixed at N162.50 and N165 per litre.
According to the independent marketers it would be difficult for them to sell at the official pump price, The Nation newspaper reports.
Source: Original
As a result of this, they have started implementing a new price regime of between N170 to N190, This day added.
Besides, scarcity of the product resurfaced in Lagos, Akure, Ado-Ekiti, Abeokuta, Jos, among other towns in the Southwest.
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In a statement by its Lagos state depot secretary, Akeem Balogun, with the current price, there is no way members of the association can sell less than N180 per litre.
He added that:
“Members are hereby advised to sell at a sustainable price within their environment. Just make sure that the price is on your pump.
“Kindly contact the Secretariat should you have any authority challenging your operations.”
Fuel scarcity: Commuters stranded, motorists lament as long queues resurface in Lagos
Recall that Legit.ng reported that on Monday, June 20, long queues for Premium Motor Spirit (PMS), also known as petrol have resurfaced in filling stations across Lagos state.
This is coming two weeks after the long queues were first spotted in the Federal Capital Territory, Abuja, and neighbouring Nasarawa and Niger states, among others.
Meanwhile, President Muhammadu Buhari had approved an increase in the freight rate being paid to transporters of petroleum products in a bid to clear the persistent fuel queues by motorists in parts of the country.
Take note: Fuel scarcity looms in Ondo, Ekiti over petrol tanker drivers crisis
A protracted crisis is rocking the Ore Unit of the Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG). The Ore Unit is under Warri Zone. It controls both Ondo and Ekiti states.
The crisis, it was gathered, followed the refusal of the current leadership of the union to leave office after spending 8 years. The leadership was also accused of deliberately refusing to conduct an election for new leadership to emerge.
Members of the association in Ore Unit are also accusing the zonal leadership of the association in Warri of collecting a N10 Million bribe from the Ore Unit leadership in order to allow them stay in office without election.
Source: Legit.ng
