Marketers speak on new petrol price

ADVERTISEMENT

The price of petrol has crashed from N640 per litre to N630 per litre.

According to The Nation, the market started responding positively as soon as the private depots got a wind of NNPCL assurance to supply petrol directly to the independent marketers.

Independent Petroleum Marketers Association of Nigeria (IPMAN), National President, Alhaji Abubakar Maigandi said

“The price has started reducing since NNPCL is giving independent marketers their direct allocation. NNPCL said they will give us direct product instead of taking it to private depot to sell it to us at a higher rate.

PAY ATTENTION: Dockaysworld is giving out ₦10,000 to our active fans on Whatsapp CLICK HERE to participate now and win exclusive prices, airtime and gifts daily!!!!!!  

“It has started changing the price now even though they just gave us a small quantity. We are supposed to have 50 per cent of the distribution. Let’s say they have given us one per cent.

“Even that one per cent has started changing the situation of the market.

“Depot price has started reducing. It was previously N640 per litre. But when the rumour came, we will start getting our direct allocation, they reduced it to N630 per litre. NNPCL sells at N570 per litre.”



Share this article



Follow Dockaysworld

ADVERTISEMENT

Recommended articles

I have no grudge against Pastor Enenche – Woman accused of fake testimony begs Nigerians to move on [photos]

I have no grudge against Pastor Enenche – Woman accused of fake testimony begs Nigerians to move on [photos]

Pastor Enenche reacts to backlash after disgracing lady over testimony

Pastor Enenche reacts to backlash after disgracing lady over testimony

Ganduje’s camp reacts to his suspension by Kano APC

Ganduje’s camp reacts to his suspension by Kano APC

Few weeks after electricity tarriff hike, national grid collapses

Few weeks after electricity tarriff hike, national grid collapses

Lady who Pastor Enenche disgraced for fake testimony vindicated after Nigerians dig up receipts [photos]

Lady who Pastor Enenche disgraced for fake testimony vindicated after Nigerians dig up receipts [photos]

Boat mishap: Body of Makeup artist from Junior Pope incident exhumed for burial in Akwa Ibom

Boat mishap: Body of Makeup artist from Junior Pope incident exhumed for burial in Akwa Ibom

Biafra will assist Israel with 15,000 Troops – Simon Ekpa

Biafra will assist Israel with 15,000 Troops – Simon Ekpa

Modupe Abiola Declares herself President of ‘Democratic Republic of Yoruba Nation’, says Army ready [video]

Modupe Abiola Declares herself President of ‘Democratic Republic of Yoruba Nation’, says Army ready [video]

Popular Nigerian activist found dead after drowning in Lagos beach

Popular Nigerian activist found dead after drowning in Lagos beach