Leke Baiyewu, AbujaThe Federal Government on Tuesday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price N145 per litre. The minister explained that while the government could retain the current official pump price of N145, marketers who were not okay with its supply chain could be allowed to import and distribute the product independently. If we must sell at N145 (per litre), we need to put mechanisms in place so that the private sector can go back to importation. Kachikwu added, “We are also looking at the potential of – going theoretically to respect the N145 pump price – having a plural pricing system. At the same time, marketers are able to import the product at their own cost and sell.

Source: Punch January 04, 2018 23:15 UTC