The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that petrol scarcity will be cleared next week.
Chinedu Ukadike, IPMAN’s public relations officer, disclosed that many oil marketers are still apprehensive and are not opening their filling stations for business.
Explaining the current challenges, Ukadike noted that the decision to close shop was because of the ongoing protests.
Punch reports that he promised the queues would clear out next week, emphasising that it would be too risky to open filling stations, especially in areas where the protests had been violent.
His words:
TimesNow.com.ng observed that most filling stations sell at N820 to N850 per litre. At the same time, black marketers are selling at N1,000 to N1,200.
The IPMAN spokesman admitted high prices but expressed an interest in seeing a reduction in petrol and diesel pump prices.
He said:
Earlier, TimesNow.com.ng reported that President Bola Tinubu commended Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil (AGO), also known as diesel, from N1200 to N1000.
The reduction was effected after the initial decrease from N1,650 to N1200 about three months ago.
Tinubu said the price review, which represents a 60% drop, would impact the prices of various goods and services.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
