Energy
Panic as petrol pump price hits N630/litre
Fuel stations across Abuja, the FCT are reportedly selling fuel at the rate of N625 to N630 per liter. This comes as many filling stations are shutting down due to fuel scarcity across the country, Nigerian Tribune reports.
According to the report, due to a lack of foreign exchange, marketers are struggling to import petroleum products, compounded by their inability to access products from the Nigerian National Petroleum Company Limited, leading to the current scarcity.
Investigations reveal that most filling stations within the FCT are either not dispensing products or are selling them in the N625-N630 per litre range.
Commenting on the situation, Chief Chinedu Ukadike, the Spokesperson of the IPMAN, commended the government’s decision to maintain the current PMS price.
However, he cautioned that if the current rate persists, petrol prices should be between N900 & N1,000 per litre, potentially creating a dire situation for Nigerians.
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