The Nigerian National Petroleum Company Limited, NNPCL, yesterday, enacted additional steps to ensure a sufficient supply of fuel across the nation, setting the price of lifting gasoline at depots at N148 per litre. It also agreed to supply outstanding stock to independent oil marketers, to end product shortage.
This came as the independent marketers said they had been lifting the product from private depots at about N200 per litre, which made it impossible for them to meet the Department of State Services, DSS, 48-hour directive last week.
They said that the situation also led to their inability to sell petrol at the N170 per litre like their major marketers’ counterparts and NNPCL.
According to news report gathered yesterday, that a meeting was held between NNPCL, marketers and all the stakeholders, where the issues were resolved.
Operations Controller, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mr. Mike Osatuyi, who confirmed the development, said: “Our members have now been allowed to lift petrol at N148 per litre, meaning that we can now reduce our pump prices. We are committed to working with other parties to tackle the shortage across the country as quickly as possible.”