Fuel marketers yesterday closed their filling stations and declined to sell Premium Motor Spirit (PMS), which the federal government on Tuesday reduced the pump price from N125 to N123 per litre, the second slash within a month.
The operators, who are mostly members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said that they were yet to recover from the losses they incurred when the federal government on March 18, 2020 reduced the pump price of petrol from N145 to N125 per litre.
According to LEADERSHIP News fuel stations across the country, yesterday, mostly those belonging to the independent marketers refused to dispense the product.
While some shut their stations, others opened but refused to sell to motorists. Some of the attendants said that they were instructed not to sell the product to the public until further notice.
In a few places, where the marketers dispense the product, it was still at the old rate of N125 per litre.