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Petrol marketers reluctant to sell N87 in Kano

26 January 2015, 15:26

Kano - Petrol marketers in Kano are still reluctant to sell the commodity since the reduction in its pump price to N87 per litre.

The Federal Government had announced the reduction of pump price from N97 to N87 per litre following the falling of crude oil price across the globe.

The marketers’ action had created artificial scarcity of the commodity, particularly in the city and some major towns of the state.

According to the investigation, some of the marketers preferred to sell the commodity to black marketers, to recover their money.

One of the marketers and the Manager of MRS filling station, Abubakar Mohammed, said he bought 40 000 litres of petrol and the next day the price was reduced.

Also read: Coalition urges enforcement of N87 petrol price

He said he lost N400 000 following the reduction of the price by the Federal Government because he sold it at the N87 per litre.

Another marketer and Assistant Manager of Oando filling station, Malam Nuhu Musa, attributed the fuel shortage in the city to the sudden reduction of the pump price.

He said that the company had ordered for the commodity in Lagos but was yet to get the supply.

Nura Saleh, the Manager at Azman fillings station, said the company had no enough petrol now because the stock had finished within four days.

Most of the marketers who spoke on the issue called on the government to replenish what they lost due to the sudden price reduction.


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