Nigerians have been asked not to be surprised in case petrol products start selling at the rate of N800
The position was disclosed by oil marketers while reacting to the plans by the federal government to remove subsidy
According to the marketers, it is compulsory for the federal government to put necessary measures in place
A message has been sent to Nigerians. The message was sent by oil marketers.
According to them, the removal of subsidy for Premium Motor Spirit, called petrol, by the government without taking necessary measures will lead to scarcity of the product, Tribune Newspaper reports.
The marketers claimed that as a result of this, Nigerians could be forced to buy the product for as high as N800/litre.
Why Nigerians could pay N800/litre for petrol
The secretary of the Independent Petroleum Marketers Association of Nigeria, Abuja-Suleja, Mohammed Shuaibu, says petrol will be scarce if the subsidy was removed without appropriate measure, Punch Newspaper added.
He said:
“If the government fails to take the appropriate measures, and they say they want to remove fuel subsidy, the situation will be worse than this, the masses will suffer. How can you remove subsidy and you don’t have this product (petrol).
“If the government removes subsidy, where is the product? If you are removing subsidy, maybe by that time, the way diesel is sold at between N800 – N900/litre, we could be buying petrol at N800/litre, if not more than that.”
