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FG Increases Petrol Price Again

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4 years ago

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What Crude Sales To Dangote Refinery Will Do To Petrol Price - Oil Marketers

Petrol price has again been increased by FG.

NewsOne Nigeria reports that the Federal Government through the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed marketers to sell the Premium Motor Spirit (PMS ) for N170 per litre.

IPMAN’s instruction followed Thursday’s night announcement of N155 .17ex-depot price to the marketers.

Abubakar Maigandi, IPMAN National Vice President, said: “The PPPMC ) last midnight told us that the ex-depot price is now N155. 17 per litre. We have directed our marketers to sell for N170 per litre.”

The IPMAN National Vice President also noted that the petrol price will still depend on the forces of demand and supply.

This is coming after the Nigerian National Petroleum Corporation (NNPC) had not announced the price for two months because, according to it, the announcement always generates issues.

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