Seven oil marketers, who imported Premium Motor Spirit, popularly called petrol, about a month ago, have stopped bringing in the commodity into the market, leading to pockets of scarcity in some parts of the country.
It was gathered on Friday that the only importer of PMS at the moment was the Nigerian National Petroleum Company Limited, as many depots and filling stations now lack petrol, leading to queues in outlets that dispensed fuel.
Oil marketers told our correspondent that before last month, whenever they brought in the product, they would convince the NNPCL to raise the price in line with the landing cost.
This was due to the fact that President Bola Tinubu had announced the stoppage of subsidy payment on petrol. The cost of the commodity was raised twice to reflect the real pump price, as marketers resumed its importation at the time.
This made the marketers to halt its importation, leaving only the NNPCL to continue importing it.
