Oil marketers have explained that the future of Nigeria’s price of Premium Motor Spirit (Petrol) is unknown and difficult to predict.
The President of the Petroleum Products Retail Outlet Owners Association, PETROAN, Bill Gillis-Harry, disclosed this in an interview with on Sunday.

Speaking on the speculation that petrol prices may hit N1500 per litre by December, Gillis-Harry said, “Nothing is static”.

According to him, it is difficult to predict the price of petrol due to the deregulation of the oil and gas sector.

He noted that what the Nigerian government and the citizens should be concerned about is energy security and the availability of petroleum products.

“Right now, I am completely unable to give you an exact figure on what the fuel price will be in December 2024.

“Nothing static. We can’t settle for any figure of fuel price at this moment. We need to be sure that there is sufficient stock of petroleum products to guarantee our energy security. We are not certain of what the future holds,” he says.

Earlier, oil marketers requested N100 billion intervention from the federal government to stop petroleum businesses from total collapse in the coming weeks.