Petrol to start selling above N145

There are indications that the pump price of the Premium Motor Spirit also known as petrol may sell above N145.

The Chairman, Independent Petroleum Marketers Association of Nigeria, IPMAN, Ore Depot, Mr Shina Amoo gave this hint, adding that the price of the product has increased at the private depot.

According to him, the private depot owners now sell the product between N136.50 and N137 per litre instead of the former  N133.28 per litre approved by the Nigeria National Petroleum Corporation.

“IPMAN may soon start selling beyond N145 per litre if depot owners continued to sell between N136.50 and N137 per litre,” he said.

Amoo urged the NNPC to prevail on depot owners not to sell beyond the official ex-depot price in order to enable marketers to sell to consumers at N145 per litre.

This can affect the pump price at which independent marketers will sell the product, and it will certainly be beyond the N145, which is the official pump price.

“We, independent marketers, are law-abiding. We don’t want to sell above the official pump price and that is why we are urging the government to do something about it and make the product abundantly available.

Amoo lauded the Federal Government for the rehabilitation of the Ilorin Depot of the NNPC while urging it to revive the Ore Depot as well in order to reduce the problem of transportation of petroleum products and to create more jobs in the area.