As the scarcity of petrol bites harder nationwide, there are reports that the product now sells for between N110 and N150 per litre in different parts of the country, as against the regulated price of N97.
Also, some filling stations in Lagos on Sunday sold a litre of petrol for N130, while some others sold for between N110 and N120 per litre.
Although, the marketers had not changed the pump prices, they were, however, making desperate motorists to pay N110 and above for the product in Lagos.
Admitting this anomaly in the system, a spokesperson of the Nigerian National Petroleum Corporation, Mr. Omar Ibrahim, on Sunday said that the NNPC alone could not import, distribute and sell product across the country effectively.
The Department of Petroleum Resources had threatened to penalise oil marketers that sold petroleum products at arbitrary prices by shutting their facilities and revoking their operating licences.
The Director, DPR, Mr. Osten Olorunsola, had said, “Any marketer, who fixes arbitrary prices, shall be sanctioned and the affected facility will be shut and the operating licence withdrawn.
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