NNPC price slash fails to end fuel queues

The queues for Premium Motor Spirit, popularly called petrol, may continue in many states despite the 17 kobo slash in the ex-depot price of the commodity, oil marketers stated on Wednesday.

Members of the Independent Petroleum Marketers Association of Nigeria said the supply of PMS by the Nigerian National Petroleum Company Limited was still low, as many states outside Lagos and Abuja were not getting enough products.

They told our correspondent that though the queues for petrol were currently abating in major cities like Abuja and Lagos, most independent marketers in other states were still lacking products to dispense.

NNPC had reduced its ex-depot price of petrol from N148.17/litre to N148/litre, with a promise that independent marketers, who control about 85 per cent of the filling stations in Nigeria, would start getting the product at this new rate

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