• Black marketers hike price to N1000/litreNigeria may face fresh scarcity of Premium Motor Spirit in the coming days as the Nigerian National Petroleum Company Limited allegedly owes traders $6 billion due to subsidies.
A report by Reuters yesterday indicated that some traders were already pulling out of PMS supply to NNPCL over a debt of $6 billion. The development, according to the report, has drastically reduced the level of PMS coming into Nigeria for June and July. Reacting to Reuters, Soneye said the claim is false, adding: “Did they name the marketers they claim we supposedly owe? Let them name them.”
Some NNPC acquired stations along the Kubwa expressway had no fuel, while A.A Rano, Shafa and others with mega stations were also out of stock.