Gas Oil

Marketers warn of possible petrol price increase

Oil marketers, on Thursday, issued a stern warning to the public, asking them to expect to buy petrol at ‘any price’.

Marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria, said that the Nigerian National Petroleum Company Limited refused to give its members products, and that they bought at N205 from third parties.

National Controller Operations, IPMAN, Mike Osatuyi, said that members of the association had bought products for N205 and would add N13 transportation to the cost.

Petrol may sell above N340/litre, marketers plan imports amidst forex crisis

Petrol is a political product in Nigeria, it doesn’t follow dictates of economics – Oyebanji, MD, 11 Plc, formerly Mobil Oil Nigeria

“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.

Spokesperson for NNPCL, Garba Deen Mohammed, could not be reached for his reaction.

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

Related posts

Floating Mega stations: NNPC retail partners Navy for effective operations

By Abisola THOMPSON

NGMC posts N12.4bn profit for 2018, says NNPC

By Meletus EZE

Peterside Atedo kicks against $1.5bn for repair of PH refinery

Our Reporter

Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears

Editor

Experts urge FG to provide non- cash guarantees for modular refiners to attract investors

By Abisola THOMPSON

Nigeria’s daily oil production hits 2.3mbpd – Baru

By Meletus EZE