Marketers To Nigerians: Petrol Will Sell For N400/Litre Without Subsidy

fuel subsidy
NNPC Petrol Station

Oil marketers have stated that the lowest price the Nigerian National Petroleum Company Limited (NNPC) can sell Premium Motor Spirit, commonly called petrol would be sold at N400/Litre without subsidy.

The oil marketers also gave reasons why the current petrol scarcity continues to linger in some states.

Speaking in an interview with Punch, the marketers said PMS imports charges were becoming unbearable for the sole importer of the commodity – the Nigerian National Petroleum Company Limited, adding that the NNPC had been subtly pushing these charges to depot owners.

According to the marketers, depot owners, on their part, were also passing the charges to filling stations, which in turn push it to final consumers of the product, a development that has led to the increase in the pump price of the commodity.

It was also learnt that the Federal Government had quietly allowed depot owners to raise the ex-depot price of petrol to about N185/litre, whereas the approved rate used to be N147/litre.

Recall that some states including Lagos and Abuja have been experiencing scarcity of fuel for some weeks.


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