PRIVATE GAS STATIONS REFUSE TO SELL OIL AT #125 PER LITRE

Written by on March 19, 2020

Reports have gathered that Private fuel marketers have yet to reduce the pump price of Premium Motor Spirit (petrol), while retail stations belonging to the Nigerian National Petroleum Corporation have started selling at N125 per litre.

News correspondents who visited several filling stations on the Lagos-Ibadan Expressway as well as Total at Ikosi-Ketu today, observed that the private marketers were selling at N145 per litre of petrol.

He said marketers would continue to sell the product at the old rate pending when the issues would be resolved.

The Federal Government had noted on Wednesday that the drop in crude oil prices had lowered the expected open market price of imported petrol below the official pump price of N145 per litre.

The Minister of State for Petroleum Resources, Timipre Sylva, said in a statement that the Petroleum Products Pricing Regulatory Agency would subsequently issue a monthly guide to the NNPC and marketers on the appropriate pricing regime.


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