December 1, 2022 7:15 AM
The Nigerian Midstream and Downstream Petroleum Regulatory Authority made this known in a statement released on Wednesday. He said the Nigerian National Petroleum Corporation Limited had imported PMS with current stock levels sufficient for 34 days.“Consequently, marketers and the general public are advised to avoid panic buying, diversion of products and hoarding,” the statement reads.
The situation has resulted in a boom in black market sales while there have been insinuations that oil marketers may be hoarding the product to force a hike in the price.between N320 and N350 per litre“We used to sell the product for N250 before now. But as the product has increased at fuel stations, we had no choice but to increase our price to N350 a litre,” a seller in the Satellite Town area of Lagos said on Monday.
I wonder how fuel is not available for car owners but it's readily available to jerry-can owners.