Regulatory agency says petrol to hit N443 per litre if subsidy is removed; Fresh scarcity looms as Ipman embarks on strike in 9 northern states
The Nigerian midstream and downstream regulatory authorities have revealed that Nigerians will pay as much as four hundred and forty-three naira for a litre of petrol if the product is deregulated.
The executive director, Finance and account of the company Abioudun Adeniji made this known while presenting the agency’s projections for the 2023-2025 medium-term expenditure framework before the House of Representatives Committee on Finance.
The Executive Director of Finance Abiodun Adeniji further noted that the daily depot truck out from January to August 2022 stands at 62.9 million litres daily.
The lawmakers are however not satisfied with what they described as conflicting figures being brandished by different government agencies on the average litres of PMS being evacuated daily.
Meanwhile, there are fears of a fresh fuel scarcity hitting the country as members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in nine Northern states have embarked on a three-day withdrawal of services at depots as a warning strike over non-payment of their bridging claims amounting to N70 billion.
The spokesman for IPMAN in Borno State, Abdulkadir Mustapha made the announcement on Monday, September 5.
He said non-payment of their claims is inflicting untold hardship to their teaming members, and failure to pay the money would result in an indefinite strike, shutting down all filling stations.
