Scarcity of petrol is looming as queues have returned to filling stations across Lagos, while some of them have stopped selling.
This is an indication that the cold war between.....
marketers and the management of the Petroleum Products Pricing Regulatory Agency, PPPRA, has not been resolved.
Some of the marketers had earlier accused the PPPRA of corruption and lack of transparency by removing the pricing template on its website against international best practices established by Platts and other organisations that publish oil prices. The marketers had also accused PPPRA of dragging the country back to the “dark days of unbridled corruption in the payment of subsidy to marketers.”
According to source the price of petrol at the depot has risen to N90 per litre, forcing stations to shut down operations as well as hike the sale of its product from the regulated price of N87 to N100 per litre.
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