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Petrol price hike: Queues persist despite reversal


• NNPC Assures Of Adequate Supply Of Product
• PPPRA Deletes Template Announcing N212.68 /Litre Pump Price
• Hike Can Attract Mass Protest, PDP Cautions
In what appeared to be the most uncoordinated situation by agencies under the Ministry of Petroleum Resources, headed by President Muhammadu Buhari, confusion, panic-buying and an attempt to profiteer by marketers ruled the pump price of Premium Motor Spirit (PMS), otherwise called petrol, yesterday, following a template released by the Petroleum Products Pricing Regulatory Agency (PPPRA), which increased petrol pump price to N212.68 per litre.
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Long queues, traffic jam, an increase in the cost of transportation and the immediate shutdown of most petrol stations were the result of the situation across most parts of the country. However, the Minister of State for Petroleum Resources, Timipre Sylva, Nigerian National Petroleum Corporation (NNPC) and PPPRA tried to manage ....

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