Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.
They lamented what they described as “inconsistencies” on the part of the Federal Government, Nigerian National Petroleum Corporation and its subsidiary, the Pipeline and Products Marketing Company (PPMC) on deregulation policy.
NNPC had last week ruled out immediate price rise until a scheduled meeting between the Federal Government and labour unions at the end of the month.
But IPMAN members have revealed that petrol may sell between N190 and N195 soon.
They said despite NNPC assurance of product availability, independent marketers could not access the product from NNPC depots forcing them to rely on independent depot owners for supplies.
Speaking to journalists after a meeting in Abuja at the weekend, Chief Executive Officer of Kankada Oil and Gas Nigeria Limited, Danasabe Kakanda, accused the government of giving the private depot owners edge over independent marketers.
He explained that independent marketers were always left at the mercies of private depot owners from whom they rely on supplies even though they also own filling stations and compete with the marketers.
He said: “With the inconsistencies of government, Nigerians should expect the price of fuel to be between N190 to N195”.