Why We Can’t Sell Petrol At Newly Reviewed N121.5 Per Litre–IPMAN

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The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said it can sell petroleum product at N123.5 per litre and not N121.5 new PPMC pump price.

IPMAN who reacted to the new price modulation announced by the Petroleum Pricing Regulatory Agency, PPPRA, says the agency has advised them to either sell at the new pump price or adjust to what will make Nigerians happy.

And as such, they accordingly instructed their marketers to comply with the advice of the government and adjust to N123.5 per liter pending the Deport Petroleum Marketers Association’s action on the new pump price.

This information was contained in a press release by IPMAN chairman, Kano chapter, Alhaji Bashir Danmallam in Kano.

Alhaji Bashir asked all marketers in his jurisdiction to comply with the new price modulation advice by making sure no one sells above the approved ceiling of 123.50 Naira per liter.

He further assured the public of a steady supply and distribution of petroleum products at all times and in all circumstances.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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