Petrol Pump Price Increased To N151.56p/Liter, Marketers React

Petrol Pump Price Increased To N151.56p/Liter, Marketers React

PETROAN says filling station owners are being run out of business
Petroleum pump price in Nigeria has been increased to N151.56 per litre, with effect from yesterday, September 2, 2020.

This new price is up from the N138.60 it sold in August. Meanwhile, the Petroleum Products Retail Outlets owners Association of Nigeria (PETROAN) and other major stakeholders insist that under deregulation, government has no business fixing fuel prices, not without the knowledge and participation of major stakeholders.

The Nigeria National Petroleum Corporation (NNPC) downstream subsidiary, the Pipeline and Product Marketing Company (PPMC), issued a directive yesterday to all stakeholders and depots nationwide bringing new development to their notice. 

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Source: OrientEnergyReview

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