The Independent Oil Marketers Association of Nigeria, IPMAN on Wednesday, explained the reason for the return of long queues at filling stations in some states across the federation.
The association explained that oil marketers were facing difficulties moving products oil products to their depot from the Nigerian National Petroleum Company Limited (NNPCL) station.
It further debunked claims that the NNPC had increased the price of PMS.
Speaking while in Abuja, IPMAN spokesperson, Chinedu Ukadike, revealed that private depots with limited inventory were already taking advantage of the situation to make money.
“NNPCL has not increased their prices; it still remains the same on their portal, but marketers are finding it difficult to access their portal because they are no longer approving the authority to lift from the portal. Another factor is the cost of diesel. If the price of diesel goes up, then it also affects price of petrol because we have to move product from wet areas to fry areas,” he said.
His comment comes as long queues return to some states across the federation. News About Nigeria observed that reports suggest that filling stations in some Northern states were not selling fuel as of Wednesday.
The latest scarcity comes amid alleged plots by President Bola Tinubu-led government to increase the pump price of fuel after a dollar surpassed N1,000.
There have been claims that the President Tinubu-led government was still servicing subsidies to keep the pump price of fuel stagnant. However, the Mr Tinubu-led government has debunked such claims.
