Sunday 31 December 2017

Why petrol may not sell at N145 anytime soon

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The desire of Nigerians in many cities to buy petrol at N145 per litre may not materialise anytime soon, an investigation has shown. 


Findings by an undercover Premium Times reporter, who posed as a potential oil marketer at several Lagos fuel depots, also revealed that the lingering fuel scarcity may continue into the New Year.
Oil depots are where large quantities of petroleum products are stored for onward lifting and distribution by marketers to consumers.

Many of the depots, managed by major oil marketers, did not sell fuel at the time of visit as they claimed they had no stock.
Others who had the product sold at wholesale prices far above the N133 quoted by the Nigerian National Petroleum Corporation.

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