Naira-for-crude: marketers fear price hike as FG suspends sale to Dangote
•IPMAN slams depot owners for stockpiling product, FG, Dangote resume talks today
Following the Dangote petroleum refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling premium motor spirit, otherwise known as petrol, the punch reports.
The retailers are storing the product to ensure they have enough to sell at a higher rate, having projected that the price of petrol would go up soon as a result of the failure of the federal government to continue the sale of crude oil to the Dangote refinery in the local currency.
