THE INDEPENDENT PETROLEUM MARKETERS ASSOCIATION OF NIGERIA IPMAN HAS WARNED MEMBERS OF THE ASSOCIATION NOT TO DISPENSE PREMIUM MOTOR SPIRIT, POPULARLY CALLED PETROL, ABOVE THE APPROVED N165/LITRE PUMP PRICE.
IPMAN IN CONJUNCTION WITH THE ASSOCIATION OF DISTRIBUTORS AND TRANSPORTERS OF PETROLEUM PRODUCTS GAVE THE WARNING IN ABUJA FOLLOWING REPORTS THAT MANY RETAIL OUTLETS HAD ADJUSTED THE PRICE IN THEIR VARIOUS PUMPS UPWARDS ABOVE THE GOVERNMENT-REGULATED RATE.
THE FACTIONAL NATIONAL PRESIDENT, IPMAN, CHINEDU OKORONKWO, WHO ADMITTED MEMBERS OF THE ASSOCIATION HAD CALLED FOR A HIKE IN PETROL PRICE SAYS THE NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED HAD RELEASED ENOUGH PETROL THOUGH MEMBERS OF THE ASSOCIATION IN LAGOS GET FUEL AT N170 – N173/LITRE AND THAT’S THE REASON BEHIND THE INTENDED PRICE INCREASED.
OKORONKWO HAS HOWEVER, THANKED THE NNPC FOR BRINGING THE PRODUCT TO N143/LITRE TO ENABLE IPMAN MEMBERS CONTINUE SELLING THE PRODUCT AT N165 WHICH IS THE GOVERNMENT-APPROVED PRICE.”
