Oil Marketers raise Petrol Pump Price to N179/litre, fault NNPC’s Mode of Communication

The oil marketers have increased the pump price of petrol from N165 per litre to between N179-N200 per litre, .

In the purported directive to oil marketers the company had put the new pump price and ex-depot price at N179 per litre and N167 per litre respectively, from Tuesday, July 19, 2022.

Checks across filling stations showed that the oil marketers have already adjusted their pumps to reflect the directive in Lagos, Abuja and other parts of the nation.

However, when contacted by newsmen, the Independent Petroleum Marketers Association of Nigeria’s (IPMAN) Spokesperson, Mr Chinedu Ukadike faulted the message as the mode of dissemination was not of the NNPC.

He said the company would usually send radio messages to their depots and private depots informing marketers of changes in buying price and selling price.

“I have not also seen where NPC differentiates price from the fuel bought in Warri Depot to the one bought in Lagos. I also know that the regime of NNPC is based on equalisation which is to put petrol at the same price everywhere. I also know that NNPC will deny that. Maybe they are trying to test grounds.”

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