Petrol consumers have continued to groan under the burden of skyrocketing prices, as Premium Motor Spirit almost hit N400 per litre over the weekend.
The research over the weekend showed while stations belonging to the Major Oil Marketers Association of Nigeria were selling products at around N190 per litre, stations belonging to members of the Independent Petroleum Marketers Association of Nigeria jerked up prices to between N320 and N340 per litre.
National Controller, Operations, IPMAN, Mike Osatuyi, on Sunday that price was unlikely to hit N400 per litre.
According to him, his members now buy products at N280/litre at depots.
President Buhari had last week set up a 14-man committee that he would be heading to proffer solutions to the lingering fuel scarcity.
Osatuyi disclosed that the committee would be inaugurated this week.
“With the way the president has set up the committee, Nigerians should expect something good. The committee will work with operators and stakeholders and they will call us for meetings, where we will tell them what to do.