Why Nigerians Should Prepare For Higher Fuel Prices — Oil Marketers

The President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gilly-Harry, has warned of a possible hike in the price of Premium Motor Spirit (petrol) in the coming days.
Despite Dangote Refinery commencing petrol production, Gilly-Harry stated that the current price of around ₦600 per liter is unsustainable due to the Nigerian National Petroleum Company Limited’s struggles to maintain adequate supply nationwide.
Gilly-Harry advised Nigerians to prepare for market-dictated prices, stressing the need to address the reality of the situation rather than playing politics.
NNPCL had admitted to owing its petrol suppliers $6 billion, contributing to fuel queues across the country.
Gilly-Harry praised NNPCL’s transparency but noted the situation remains challenging for retail outlet owners, amplifying the need for innovative solutions to address the crisis.
NNPCL is currently the only entity with the financial capacity to import PMS due to its access to dollars and a guaranteed market, but the situation demands creativity to ensure Nigerians are adequately served.
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