Expect petrol price increase, oil marketers tell Nigerians

Oil marketers have 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, on Thursday, said 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, in an interview with The Punch, said members of the association had bought products for N205 and would add N13 transportation to the cost.

He said, “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 the Major Oil Marketers Association of Nigeria, Clement Isong, had on Wednesday said the association had held a logistics meeting with the NNPC.