The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide.
The Independent Petroleum Marketers Association of Nigeria has denied the alleged plan by the association to increase pump price of Premium Motor Spirit also known as petrol to N700 per litre nationwide. The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen, stated this in an interview with the News Agency of Nigeria …
The chairman, therefore, urged Nigerians to disregard the speculation and not to engage in panic buying.He commended President Bola Tinubu for removing the subsidy on petrol adding that it was long overdue.”So, I want to commend him for removing the subsidy and I want to say that we are in support totally. This is because the subsidy was a scam.”
“So, people should be rest assured that there is no way they can buy petrol more than the price it is being sold now. “However, I have read what somebody put into the paper, it is just speculation it is not a reality. Nothing like that I want to assure the masses. ”If you are moving products within Lagos the price may not be more than N300,000 but if you are moving up to Ibadan or there about it could be as much as N500,000.
”Though NNPC has given us the price but the reality of it is that what we buy from the market; because NNPC limited is not the only source for our product, we get from private depots.”But as of today, the highest you can get anywhere should be around N550; Lagos N510 per litre; Ogun State between N500 and N520,” Tajudeen said.
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