The Nigerian National Petroleum Company Limited (NNPC) has disagreed with dealers under the aegis of the Independent Petroleum Marketers
Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) over their claims that the pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre.
IPMAN and PETROAN members own the bulk of the filling stations across the country and make purchases from depots before selling to final consumers at their various retail outlets.
The duo had warned that the rising cost of petrol at depots would definitely warrant a commensurate increase in pump price if not checked.
They also said there were problems in PMS supply, adding that many tank farms or depots had no petrol, which may push the community price from the approved N148/litre price to N159/litre.
But the NNPC said it maintained its stance that it had enough petrol to last the country all through the festive season and beyond.
Owners of the facilities had said that it was because the recent agreement reached by key stakeholders in the downstream oil sector had yet to be affected by the Federal Government.
The NNPC, had last week, agreed to revert to naira-denominated invoices for excess capacity for coastal movement using the Investors and Exporters window rate for the time being, but this had yet to be implemented.
