The price of Premium Motor Spirit (PMS), also known as petrol, has increased in parts of the country after marketers adjusted their pumps to reflect the new
This measure by marketers stems from the rising cost of diesel which has disrupted distribution of products across the country.
He said, “On my way to Port Harcourt , my driver drove into a filling station and I observed a minor pump adjustment and when I inquired I was told that the adjustment is to cover operational costs because marketers pay higher now to truck operators and also to run our generators.”Okoronkwo explained that the adjustment was due to rise in operational costs to enable marketers recover expenses instead of them shutting operations and throwing the country into chaos.
Though many filling stations lacked the product, as they blamed this on the high price of diesel, importers confirmed availability of the product. The fuel situation in Imo State remained normal as fuel stations in the state still sold between N630 and N650 per litre. Meanwhile, there appears to be confusion in the petroleum industry, following the return of subsidy on Premium Motor Spirit three months after President Bola Ahmed Tinubu had pronounced it ‘gone’.
LEADERSHIP observed that on Monday night, fuel was not available in most parts of the Gombe metropolis thereby reducing vehicular movements including that of commercial motorcycles, tricycles and causing transportation difficulties. The commissioner of information and culture, Alhaji Yakubu Ahmed, told journalists that vital issues were discussed between the government and officials of IPMAN.
Our Correspondent gathered the price adjustment peaked at N625 per litre in most of the filling stations operated by independent markers, while the big players in the sector including Rainoil, Oando and others sold the product at N610/per litre
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