In an effort to prevent a further increase in the cost of the fuel at the pump, the Nigerian Federal Government has boosted the supply of Premium Motor Spirit, often known as petrol, to independent oil marketers through the Nigerian National Petroleum Corporation Limited.
Chief Ukadike Chinedu, IPMAN’s national public relations officer, said on Friday that the national oil company has heeded to their calls for a rise in the PMS amounts provided to independent filling stations in order to stop the rising cost of petrol.
He stated that unlike in the past, NNPLC, Nigeria’s sole fuel importer, now provides the product directly to IPMAN members.
Chinedu continued by saying that NNPCL’s decision will force its members to sell petroleum practically at prices set by the federal government.
In Abuja, Lagos, and other cities, the availability of fuel has been epileptic for months.
He said, “The NNPCL supplied 13 million litres and informed us about it. It cushions the effect of the poor supply in the affected areas. They also promised that they would ensure that marketers are given products regularly.
“That is the situation of things now. The recent PMS supply has helped make the product available in many retail outlets across the country. So, with enough supply, the issue of extreme price disparities would be addressed.”
