The Nigerian National Petroleum Company Limited, NNPCL has issued a circular to oil marketers on how much they will pay to get petroleum products.
This is coming just two weeks after the Federal Government announced the removal of petrol subsidy.
The circular ordered marketers to consider merging their old orders which carry the old fuel price in order to buy a truck of 45 million litres of petrol.
It was also learnt that marketers had before the deregulation ordered one truck of petrol for about 7.7 million naira and the new circular advised marketers who had probably ordered three trucks at 7.5 million naira, approximately 171 naira litre of old price, to merge their orders or ask for a refund.
Operations Controller, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi, confirmed the development, but however said it might be difficult for some marketers to raise such funds required to place an order for petroleum products.
