‘Expect to pay N195 per litre for petrol’, Marketers tell Nigerians

Members of the Independent Petroleum Marketers Association of Nigeria, (IPMAN), have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.

The Nigerian National Petroleum Corporation, (NNPC) had last week ruled out immediate price rise until a scheduled meeting between the Federal Government and labour unions at the end of the month.

But IPMAN members have revealed that petrol may sell between N190 and N195 soon.

They lamented what they described as “inconsistencies” on the part of the Federal Government, the NNPC and its subsidiary, the Pipeline and Products Marketing Company (PPMC) on deregulation policy. They said despite NNPC assurance of product availability, independent marketers could not access the product from NNPC depots forcing them to rely on independent depot owners for supplies.

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