Oil marketers on Sunday said that the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Marketers said that the products should be dispensed at the regulated rate of N148/litre to help address the scarcity of Premium Motor Spirit (popularly called …

The realistic pump price of Premium Motor Spirits (popularly known as petrol) is between N200 and N210 per litre, according to the National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi. This is as the stock of petrol by the Nigerian National Petroleum Company Limited (NNPCL) has dipped by 5,481,239 litres, going by industry …