Why Nigeria may experience fuel scarcity as NNPC gives new order to oil marketers

  • NNPC has asked oil marketers to merge their old orders with new ones following the removal of the petrol subsidy
  • NNPC said those who have placed an order before the removal of the subsidy could ask for a refund if they are unable to meet the new price
  • The situation, analysts say, might lead to another bout of petrol scarcity in Nigeria

Nigerians may experience another petrol subsidy as NNPC’s fresh Circular issued to oil marketers on how much they will pay to get petroleum products unsettles many.

The development comes two weeks after the federal government announced the removal of the petrol subsidy.