FG To Shut Errant Filling Stations As Petrol Hits N1,000/Litre

Queues at filling stations in Lagos…on Sunday. Photos: Stanley Ogidi and Saheed Olugbon

Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre.

Owners of these stations seem not to care about the cost of the product at retail outlets operated by the Nigerian National Petroleum Company.

Petrol prices at NNPC stations range from N568 to N617/litre. This often leads to queues at the stations.

As Nigerians raise concerns about the high cost of the commodity by independent petrol dealers, the Federal Government has also vowed to shut down filling stations that will be caught dispensing PMS at exorbitant rates.

It declared this through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stressing that it was not in the interest of Nigerians for marketers to profiteer in the sales of PMS.