Oil marketers say they can no longer sustain the distribution of petroleum products throughout the country.
This is due to the hike in price of diesel used by these marketers to power their trucks.
The product now sells for N1,100/litre in many locations.
The marketers urged the Federal Government to intervene quickly in order to arrest the situation.
This is the position of the marketers, under the aegis of Natural Oil and Gas Suppliers’ Association of Nigeria, NOGASA.
They raised the alarm in a statement signed by their President, Benneth Korie.
They cried out that diesel has witnessed an incessant hike in prices in recent months.
“NOGASA is worried about the ugly development and trying to understand why prices of diesel are going as high as N950 to N1,100 per litre in the market with a view to moderating the prices and shocks in the economy.”