NNPC and Marketers Explain Reasons for Petrol Price Surge in Nigeria

The recent surge in petrol prices in Nigeria to N1,000 per liter has been explained by NNPC and marketers, citing supply chain challenges. Issues such as Dangote Refinery's temporary halt in fuel loading, labor disruptions, and the recent NUPENG strike have contributed to the price hike.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Secretary, Chinedu Ukadik, highlighted the challenges faced by the industry. Retail outlet owners are urging patience from consumers amidst the fuel shortage.

NNPC's pump prices have risen, with some outlets charging as high as N1,000 per liter.