The major oil marketers, according to the energy industry regulator, have been turning away small and medium oil dealers referred to as independents coming to buy fuel from them. This is as they anticipate higher prices when EPRA announces new prices in its next price capping guide on Sunday. By hoarding products, the marketers are looking at a big payday starting next week if retail prices go up. “Since April 22, the crude oil prices have gone up. “Crude oil prices are not slowing down in the coming months.

Source: Standard Digital June 09, 2020 16:51 UTC