Motorists may be in for another fuel price shock as petrol marketers prepare to review pump prices across the Federal Capital Territory (FCT) in the coming days.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said filling stations could adjust their prices as new petrol products begin entering the market.
IPMAN National Publicity Secretary, Chinedu Ukadike, disclosed this in Abuja on Thursday, saying marketers were already preparing to change their pricing and sales strategies.
According to him, the exact timing of the adjustment would depend on when the new products officially arrive and marketers begin purchasing them.
Ukadike said once the process starts, marketers would respond by adjusting their pump prices and making the new products available to consumers.
He stressed that any changes would be made in line with existing regulations.
The development comes amid fresh increases in the ex-depot price of petrol from the Dangote Refinery.
The refinery reportedly raised its gantry price from N1,165 per litre to N1,185, N1,200 and eventually N1,265 within one week.
The increases have already begun hitting consumers, with petrol prices rising at several filling stations across the FCT.
For motorists already battling the high cost of transportation and other essentials, the prospect of another pump-price adjustment has triggered fresh anxiety.
Many motorists have called on the Federal Government to intervene and prevent further increases, warning that another jump in petrol prices could worsen the pressure on households and businesses.
With IPMAN now signalling a possible review, consumers are bracing for what could be another round of fuel-price uncertainty.
Don’t Miss Out! Join our WhatsApp Channel for instant news updates. Click here to join
