Prices of petrol at depots have increased more than 100 per cent following the official removal of subsidies since May 29, The PUNCH findings have shown.
The DAPMAN sources confirmed that marketers were being asked to re-access the NNPCL portal for re-registration.
On his part, a former Chairman, the Major Oil Marketers Association of Nigeria, and Chief Executive Officer, 11 Plc, Tunji Oyebanji, told“Removal of subsidies is one of the best things to ever happen to Nigeria because in the end, the gains will surpass the supposed losses. Currently, many smaller companies in the downstream sector would fold up and be bought over by the bigger ones because they won’t have enough money to buy new products.
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