Premium Motor Spirit, popularly called petrol, is still scarce and this is why it is sold above N250/litre in various locations outside major cities of Abuja and Lagos, oil marketers stated on Wednesday.
It was also gathered that independent marketers, who operate over 85 per cent of filling stations nationwide, were still finding it tough to access PMS, as many of them had decided to stop purchasing the commodity from private depot owners.
However, the Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, is striving to stop the high PMS cost by depots, as it sealed seven of them recently for dispensing at outrageous rates. The Secretary, Independent Petroleum Marketers Association of Nigeria, Abuja-Suleja, Mohammed Shuaibu, told our correspondent that though the problem in the downstream oil sector had been identified, it had not been solved.”
“About 85 per cent of the supply chain is controlled by independent marketers. They operate in the hinterlands and own most of the filling stations that are directly closer to the yearnings of the people at the grassroots.
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