Oil Marketers React to NNPC’s New Petrol Pump Price, Reveal Actual Cost at Filling Stations

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Oil Marketers React to NNPC’s New Petrol Pump Price, Reveal Actual Cost at Filling Stations
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The Nigerian National Petroleum Company Limited has announced a new petrol pump price, sparking widespread reactions from oil marketers across the country. The Major Oil Marketers Association of Nigeria , Independent Petroleum Marketers Association of Nigeria , and Petroleum Products Retail Outlets Owners Association of Nigeria have reacted to the recent increase in petrol pump price by the Nigerian National Petroleum Company Limited .

The association predicts price variations at filling stations, ranging from N950 to N1,200 per litre, depending on location.'The high price of petrol from the Dangote Refinery will make it difficult for marketers to sell at the official price,' said a MOMAN official. 'This could lead to increased importation of PMS, which would undermine the gains of domestic refining.'IPMAN, which boasts of a majority of petrol stations, has also voiced concerns.

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