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December 5, 2017

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Fuel queues resurface

Fuel queues have resurfaced in some cities, including Lagos, Ilorin, Benin City and Sokoto.
In Sokoto, marketers have increased the pump price to N150 per litre.
Marketers said they had gone on strike in Lagos, which accounted for the queues.
But the Nigeria National Petroleum Corporation (NNPC) said it had not increased the pump price.
The marketers said the strike resulted from the failure of the NNPC to grant their demand for reduction in the price of the product.
The members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) claim that they buy petrol at N142 per litre from depots and the Petroleum Products Association of Nigeria(DAPMAN), a price, which has left them with little or no gains, after adding transportation and other incremental costs.
They said they were planning a major strike from Monday, unless the government averts it.
IPMAN South-West Chairman Debo Ahmed said the queue was as a result of the exorbitant price of the products .

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December 5, 2017

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