NNPCL issues directive to marketers on refund, new price…
Written by City Radio on June 13, 2023
The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products.
This came about two weeks after the Federal Government announced the removal of fuel subsidy.
NNPCL Retail, in a circular released on Sunday directed marketers to consider merging their old orders which carry the old fuel price in order to buy a truck of 45 million litres of petrol.
It was gathered that marketers had before the deregulation ordered one truck of petrol for about N7.7m.
However, the new circular by the company advised marketers who had probably ordered three trucks at N7.5m (N171/litre old price), to merge their orders or ask for a refund.
The Operations Controller, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, confirmed the development. He however said it might be difficult for some marketers to raise such huge funds required to place an order for petroleum products.
CityRadio 89.7FM