POLITICS

Marketers Reject Fuel Pricing Curbs, Threaten Shutdown

By Blaze 91.5 FM    |    July 1, 2026    |    3 min read

Marketers Reject Fuel Pricing Curbs, Threaten Shutdown

Fuel marketers have said that their filling stations will stop selling petrol should the Federal Government try to enforce price control.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said this to newsmen on Tuesday.

Also the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, warned on Monday that the government would not tolerate profiteering and other practices that exploit fuel consumers.

It will be recalled that the Federal Competition and Consumer Protection Commission expressed concern on Sunday,over what it described as possible consumer exploitation in the downstream petroleum sector following the failure of fuel prices to decline significantly despite the sharp drop in global crude oil prices.

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