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price hit n145 petrol

petrol price hit N145 - 60 Views
By Adewale Sanyaolu

Despite the repeated assurance by the Nigerian National Petroleum Corporation (NNPC), that it has not increased its petrol ex- depot price from N133.80k, Daily Sun findings across some depots in Apapa proved otherwise.

Some marketers who spoke to Daily Sun under the condition of anonymity, said the price of petrol received from NNPC as Wednesday was N160 per litre.

They said since the NNPC assumed the role of being the sole importer of petrol, all marketers have since suspended the importation of petrol, since it was no longer profitable for them to sell at government’s regulated price of N145 per litre.

‘‘ The N160 per litre price is not fixed by us but NNPC because the product is not ours but that of NNPC and that is what they have asked us to sell.

If we are buy at the depot for N160 per litre, how much are we expected to sell at the filling station.It is now clear that the N145 price cap per litre is no longer realistic.Let the Depa
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