Marketers reluctant to sell petrol at n125 litre

I think there may be a slight misunderstanding here. Marketers are not reluctant to sell petrol at N125 per liter. In fact, the current pump price of petrol in Nigeria is around N165 per liter, not N125.

However, I can try to provide some context and insights on why marketers might be hesitant to sell petrol at a lower price. Here are a few possible reasons:

1. Cost of operation: Marketers incur various costs, including transportation, storage, and distribution expenses, which are factored into the price of petrol. If the price is too low, they may not be able to cover these costs, leading to potential losses.
2. Profit margins: Marketers need to make a profit to sustain their businesses. If the price is too low, they may not be able to generate sufficient revenue to cover their expenses and make a profit.
3. Currency fluctuations: The naira is subject to fluctuations in value against other currencies, which can affect the cost of importing petrol. If the price is too low, marketers may not be able to absorb the impact of currency fluctuations, which could lead to losses.
4. Government policies: The Nigerian government has implemented various policies to regulate the price of petrol, including the Petroleum Products Pricing Regulatory Agency (PPPRA) formula, which takes into account various factors such as the cost of production, transportation, and distribution. If the price is too low, marketers may not be able to comply with these policies, which could lead to penalties or even the revocation of their licenses.

It's worth noting that the Nigerian government has been working to reduce the price of petrol through various initiatives, including the establishment of the Petroleum Industry Bill (PIB) and the implementation of the PPPRA formula. However, the price of petrol is still subject to various factors, including global oil prices, currency fluctuations, and government policies.