According to oil marketers, despite a 17 kobo reduction in the ex-depot price of Premium Motor Spirit, also known as gasoline, lines for the product may persist in many areas.
The Nigerian National Petroleum Company Limited’s supply of PMS, according to members of the Independent Petroleum Marketers Association of Nigeria, is still insufficient for several states outside of Lagos and Abuja.
With the assurance that independent marketers, who control around 85% of the filling stations in Nigeria, would start receiving the product at this new price, NNPC dropped the price of gasoline ex-depot from N148.17/litre to N148/litre.
When told that the Department of State Service had earlier ordered marketers and NNPC to clear queues nationwide within a given time frame, Shuaibu stated that the security agency should have strived to get the details of the challenges confronting marketers.
Shuaibu also stated that NNPC should ensure that tank farm owners complied with the new ex-depot price regime so that every filling station would dispense the product at between N175 to N180/litre.