There are indications that petrol shortage might emerge as the Private Depots have increased the price of Premium Motor Spirit, (PMS), or petrol price to N157 per litre, from N148/litre in different parts of the nation. The increase has discouraged the Independent Petroleum Marketers Association of Nigeria, (IPMAN), members from buying or lifting the products from private depots. According to the IPMANs National vice-president, Abubakar Maigandi, the N9/litre difference, which is about a 6.08% increase, has culminated in gradual withdrawal of sales. He explained that the marketers are reluctant to…
Read MoreFuel scarcity looms as private depots hike price by N9/litre
