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Oil marketers defy Federal Government: Sell fuel above N86.50


Many filling stations across Benin City, the Edo state capital Sunday shunned the Federal Government’s directive on the new pump price of petrol as they continued to sell the product at either the old regulated price of N87 per litre or above it.

While majority of the filling stations around Ekenwan and Akpakpava were not selling fuel, only the MEGA station on Sapele road was selling petrol for N86.per litre, with a relatively long queue.

Also, at an NNPC retail station in Upper Sakponba road, petrol was sold for N87 despite the Federal Government’s directive.

A fuel attendant told our correspondent on condition of anonymity, that motorists should appreciate them after all “Others are selling for as much as N145 – N150 per litre.

But other independent marketers who were dispensing the product sold to motorists and other buyers at between N115 and N150 per litre.

It would be recalled that the Petroleum Products Pricing Regulatory Agency on Tuesday announced that retail filling stations belonging to the Nigerian National Petroleum Corporation would from Friday, January 1, 2016, sell petrol at N86 per litre, while other oil marketers would sell the product at N86.5 per litre

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