The major and independent fuel dealers have asserted that significant shipments of Premium Motor Spirit, commonly known as petrol, are set to arrive in Nigeria, beginning next week.
This consignment, imported by prominent oil marketers, has the potential to drive down the commodity’s price in the market.
In addition, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that they intend to engage in competitive importation of petrol, directly challenging both the Major Oil Marketers Association of Nigeria (MOMAN) and the Nigerian National Petroleum Company Limited (NNPCL)
