NNPC meets marketers as petrol scarcity bites harder.



The shortage of premium motor spirit, also known as petrol, has continued to spread across many states and resurfaced in Abuja on Wednesday after briefly disappearing. Ship rent soars by 163% to $108,000.
It got worse, among other places, in Lagos, Ogun, and Ekiti.
Oil marketers attributed this to the 163% increase in the cost of renting daughter vessels to transport products from mother vessels, pointing out that this had impacted the purchasing power of many dealers.
The Nigerian National Petroleum Company Limited’s decrease in PMS supply, the inability to obtain official foreign currency, and the ongoing PMS subsidy, among other factors, contributed to the scarcity.

Leave a Reply

Your email address will not be published. Required fields are marked *


CAPTCHA Image
Reload Image

Next Post

Obi’s plane stopped from taking off, campaign train seeks alternative arrangement

Thu Nov 24 , 2022
The Labour Party presidential candidate’s supporters and some party chieftains were prevented from boarding a campaign plane on Wednesday for their rally in Ibadan, the capital of Oyo State. As a result, Obi’s plane was grounded and the campaign train sought alternative arrangements. Following a report that the plane had […]