I am currently unable to provide you with a precise estimate of the fuel price in December 2024.
“There is no static. Right now, we cannot accept any fuel price amount. To ensure our energy security, we must ensure that there is an adequate supply of petroleum products. We don’t know what the future will bring,” he said.
Oil marketers had earlier asked the federal government to intervene for N100 billion to prevent the complete collapse of petroleum companies in the upcoming weeks.
Nigerians are struggling to buy petrol at more than N1,030 per litre across the country.
According to oil marketers, the price of Premium Motor Spirit (Petrol) in Nigeria is uncertain and hard to forecast.
In a Sunday interview, Bill Gillis-Harry, President of the Petroleum Products Retail Outlet Owners Association, or PETROAN, revealed this.
In response to rumors that gas prices could reach N1500 per liter by December, Gillis-Harry stated, “Nothing is static.”
He claims that because to the deregulation of the oil and gas industry, it is hard to forecast the price of gasoline.
He pointed out that the availability of petroleum products and energy security should be the main concerns of the Nigerian government and populace.
Remember how the Nigerian National Petroleum Company Limited raised the price of gasoline at the pump in the Federal Capital Territory, Abuja, from N897 to N1,030 per liter on October 9?
Nevertheless, depending on the area, other filling stations charge between N1,080 and N1,300 per liter.
