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JUST IN: Petrol: Marketers Lamenting as Nigerians Shun Buying Above N1000/Litre

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With the price of a litre of petrol now above ₦1,000 in most filling stations across Nigeria, petrol marketers have lamented low patronage at their retail outlets nationwide.

They said marketers are now cutting workers and shifts because of high pricing and low returns on investment.

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, was in an interview on Monday with a spokesman for the Independent Petroleum Marketers Association of Nigeria (IPMAN),Ukadike Chinedu.

Gillis-Harry said, “Marketers, retail outlet owners, all of us in the industry are finding it difficult to cope with the current situation, we used to buy 45,000 litres of fuel a couple of months ago for less than 8.5 million naira but today, we have to cough out about 49 million naira to buy the product.

“Financial institutions are not coming to our rescue. The cost of money is so high, it is so difficult to even sell, what we get to our retail outlets is not quickly bought because Nigerians also have the challenge with their buying power.”

On his part, IPMAN spokesman Ukadike Chinedu said filling stations nationwide have become ghost places as middle-class Nigerians have abandoned their vehicles and embraced public transportation.

“Most of the money we use in investing is bank money. It’s being borrowed and the interest rate is also high. There is no return on investment because the more we sell, the more we make profits,” Chinedu said.

“Now the volume of trade in the filling stations is very low because of the characteristics of the buyers who have now dropped some of their luxury vehicles with V8 and are now using alternative transportation.

“If you check some of the filling stations these days, you will find out that there is skeletal or ghost buying, two, or three cars will just come in and buy. We are no longer talking about scarcity, we are now talking about price differentials.

”The two unions urged President Bola Tinubu to provide ₦100bn as a seed fund for oil marketers to stay afloat, just like the aviation and agricultural sectors.

Nigerians are grappling with the weight of unprecedented food inflation, and energy prices which have quadrupled in the last year under the Tinubu administration.

Specifically, the price per litre of petrol jumped from less than ₦200 to over ₦1,000. Many people have blamed the twin policies of petrol subsidy removal and unification of forex rates for the high living costs that have assailed the middle class.

Citizens have staged two major protests to drive home their grievances against the Tinubu administration and pressured the All Progressives Congress (APC) government to reverse its “reforms” but the current administration has insisted that its policies are necessary and won’t be reversed.

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JUST IN: Buhari to be Buried in Daura on Tuesday

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Former Nigerian President Muhammadu Buhari will be buried in his hometown of Daura, Katsina State.

It was gathered that Buhari will be laid to rest tomorrow, Tuesday, in Daura, as his body arrived Nigeria today.

Buhari passed away at a clinic in London, where he was receiving treatment for an undisclosed illness, at 4:30 pm on Sunday.

His former media spokesman, Garba Shehu, disclosed this via X on Sunday.

Meanwhile, Governor Radda of Katsina State has announced the burial arrangements for late President Muhammadu Buhari who passed away yesterday in a hospital in London.

Addressing journalists during a press briefing in Katsina, Governor Radda revealed that, following consultations with the late President’s family and close associates in London, it has been agreed that the remains of the former leader will arrive Katsina tomorrow, Tuesday, July 15, 2025, by 12 noon.

He further disclosed that the burial will take place in Daura, the hometown of the late President, by 2:00 p.m. on the same day.

Governor Radda expressed deep condolences on behalf of himself, the Government, and the people of Katsina State, to the family of the late President and to all Nigerians mourning the loss of a national icon.

“We pray Almighty Allah to grant his soul eternal rest and reward him with Aljannatul Firdaus,” the Governor said.

“We also condole His Excellency, the President and Commander-in-Chief of the Armed Forces Bola Ahmed Tinubu, over the passing of his predecessor.

May Allah give us the strength to bear this great loss.”

The Government of Katsina State is coordinating with federal authorities and the family to ensure a befitting and dignified farewell for the late elder statesman.

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Governor Soludo Mourns Death of Former President Muhammadu Buhari

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The Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, has expressed shock and profound sorrow over the news of the passing of His Excellency, former President Muhammadu Buhari, on Sunday in the United Kingdom at 82 years.

In his condolence message, signed by Christian Aburime, Secretary to the state Governor, Soludo remarked that the demise of the former president marks the end of an era as he was a towering figure in Nigeria’s history and a dedicated patriot of our country.

He said, Buhari’s life was characterised by an unyielding commitment to integrity, discipline, and the pursuit of a better Nigeria.

“From his early days as a military officer to his tenure as Head of State and later as a democratically elected President, he consistently demonstrated a profound love for Nigeria and its people”.

“Of particular recall was his popular stance against public indiscipline as executed with War Against Indiscipline (WAI) campaign during his first coming as military head of State”.

The Governor further recalled President Buhari’s contributions to national development as pivotal and unforgettable.

His administration’s efforts in security, infrastructure, and the fight against corruption were notable.

He said, Buhari championed initiatives aimed at strengthening our economy, improving agricultural output, and ensuring the welfare of all Nigerians.

Governor Soludo also added that beyond his policy achievements, President Buhari was a man of immense personal conviction.

His steadfastness, even in the face of daunting challenges, served as an inspiration to many.

He was a leader who believed in the unity and potential of Nigeria, tirelessly working towards a nation where peace and prosperity would thrive for all.

Therefore, Governor Soludo conveys his sincere condolences to the Buhari family, the Federal Government, and all Nigerians on the death of President Muhammadu Buhari, praying that Almighty Allah grants his soul eternal rest and comforts all who mourn him.

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VP Shettima pays condolence visit to Aisha Buhari in London

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Vice President Kashim Shettima pays a visit to Aisha Buhari, the widow of the late President Muhammadu Buhari, in London.

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