Fuel Prices will Rise Due to a Lack of Supply, Marketers Warn

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According to oil marketers, the discrepancy in the price of Premium Motor Spirit, also known as gasoline, at the pump will continue to grow as a result of the goods’ inadequate delivery to many filling stations.

Dealers operating under the Independent Petroleum Marketers Association of Nigeria said that a recent imbalance in the distribution of PMS has worsened shortage and price discrepancy at retail outlets.

According to the association’s president, IPMAN only had a 56-truck program issued. Scarcity and price discrepancy at retail outlets will continue to be caused by the unbalanced distribution structure.

Punch

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