HomeBUSINESSFuel crisis looms as private depot owners raise prices

Fuel crisis looms as private depot owners raise prices

The Kaduna State chapter of the Independent Petroleum Marketers Association of Nigeria, IPMAN, has alerted the Federal Government on the imminent fuel crisis in the country following the decision by some private depot owners to unilaterally raise the prices of the product.

The IPMAN chairman in Kano chapter, Alhaji Bashir Danmallam, raised the alarm in a statement issued in Kano on Friday.

He said some of the private depot owners had increased the price of the commodity from N148 per litre to between N153 and N155 per litre since Friday last week.

He said the association found it necessary to alert the government in order not to blame its members if they increase the price of the commodity as they would not operate at a loss.

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