There is no improvement at all. Even most depots around Apapa jetties are out of stock, waiting for vessels to deliver to tanks,” an operator told our correspondent anonymously due to lack of authorisation to speak on the matter.
A marketer, who did not want to be named due to the sensitivity of the matter, disclosed that the product is available in a few depots at high rates.
“Marketers can go to any length to buy at whatever cost, as there is a market to sell it. If the depot gives it for N700/litre, they will rush to buy and sell at about N800/litre. That is why the pump price keeps rising,” the source disclosed.
The National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, stated that marketers are still waiting for the NNPC to supply sufficient fuel.
“No hope on fuel scarcity yet. Whatever NNPC brings is what marketers will push out. There is a shortage in supply. We are still managing whatever we have,” Fashola stated.
Marketers raise prices
Petrol prices hovered around N1000 and N1,050/litre on Friday in Abakaliki, the capital of Ebonyi State.