Petrol Can Sell For Less Than N200 Per Litre – Marketers Reveals

Petrol Can Sell For Less Than N200 Per Litre – Marketers Reveals

Amidst the hardship experienced by the removal of fuel subsidy, oil marketers have said Petroleum Motor Spirit, also known as petrol, can sell for below N200 per life if the government meets specific conditions.

The marketers said if the Federal Government can ensure that the nation’s refineries are fixed and functional, then there is a guarantee that petrol can sell for less than N200 per little.

According to the Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers State Chapter, Joseph Obele, fuel prices will keep increasing until nation-need refineries are fully functional.

According to the Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers State Chapter, Joseph Obele, fuel prices will keep increasing until nation-need refineries are fully functional.

“The scarcity of dollars has made it difficult for importers of petroleum products to continue further importation. For about two weeks now, the petroleum distribution chain has experienced turbulence. This is evident on the NNPC buying portal of marketers.”

Recall that the President Bola Tinubu-led government has pledged that the Port Harcourt Refinery would begin production by December 2023.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, had, during his visit to the facility last Friday, restated the government’s commitment to the functionality of the refinery.

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