Petrol could Hit N800 per Litre if Subsidies are Removed – Marketers.

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As the scarcity of Premium Motor Spirit, also known as petrol, persisted, oil marketers predicted that the price of the commodity would exceed N800/litre once the PMS subsidy was removed.

IPMAN official explained that the downstream sector was not structured for adequate competition, which could pose problems if subsidies were eventually removed.

Meanwhile, the scarcity and increase in the price of Premium Motor Spirit, also known as petrol, has sparked outrage among consumers, particularly motorists, who have directed their rage at the ruling All Progressives Congress.

Punch.

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