Fuel price uncertainty forces marketers to halt petrol purchases – IPMAN

Many autarkic substance marketers person stopped buying petrol, portion immoderate filling stations person temporarily unopen down owed to uncertainty implicit substance prices, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said.

Speaking with the News Agency of Nigeria (NAN) successful Ibadan on Sunday, IPMAN Western Zone Chairman, Oyewole Akanni, blamed the concern connected the suspension of petrol loading astatine the Dangote Refinery astir 4 days ago.

He said marketers were present buying from backstage depots astatine importantly higher prices, with ex-depot rates ranging from N1,200 to N1,220 per litre, excluding transport costs.

According to him: “The non-availability of substance astatine immoderate filling stations and the closure of others are owed to fluctuations successful the terms of lifting substance from depots.”

He added: “Since Dangote Refinery stopped selling PMS astir 4 days ago, backstage depot owners person accrued their prices.”

Akanni said galore marketers whose stocks had been exhausted were waiting to spot whether prices would autumn erstwhile the Dangote Refinery resumed sales, portion lone a fewer were inactive buying owed to the uncertainty.

He stressed: “There is nary substance scarcity. Members of...