The Independent Petroleum Marketers Association of Nigeria says uncertainty over petrol prices has forced many marketers to halt fresh purchases, leading to the temporary closure of some filling stations.
The Zonal Chairman of IPMAN, Western Zone, Oyewole Akanni, disclosed that the situation was triggered by the suspension of loading of Premium Motor Spirit (PMS) at the Dangote Refinery about four days ago.
He said the development had forced marketers to source products from private depots at significantly higher prices.
Akanni, noted that the cheapest ex-depot price at private depots in Lagos currently ranges between ₦1,200 and ₦1,220 per litre, excluding transportation costs.
However,he maintained that there was no fuel scarcity, urging motorists and other consumers not to engage in panic buying.
