The Nigerian National Petroleum Company Limited, NNPCL, yesterday, approved N148 per litre as the price for lifting petrol at depots, the new measures aimed at guaranteeing adequate fuel supply across the country.
It was also agreed to supply outstanding stock to independent oil marketers, in order to end product shortage.
The development came when the independent marketers lamented that they had been lifting the product from private depots at about N200 per litre, which made it impossible for them to meet the Department of State Services, DSS, 48-hour directive last week.
They stated that the situation also led to their inability to sell petrol at the N170 per litre like their major marketers’ counterparts and NNPCL.
Informant247 gathered that a meeting was held yesterday between NNPCL, marketers and all the stakeholders to resolve the lingering issues.
According to Operations Controller, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mr. Mike Osatuyi, who confirmed the development, said: “Our members have now been allowed to lift petrol at N148 per litre, meaning that we can now reduce our pump prices. We are committed to working with other parties to tackle the shortage across the country as quickly as possible.”