The Kano State branch of the Independent Petroleum Marketers Association of Nigeria has directed its members across the state to sell Premium Motor Spirit (petrol) from N168 to N170 per litre.
This directive follows a release by the Pipeline and Product Marketing Company (PPMC) advising the petroleum marketers to sell petrol within the range of N168 per litre to N170 per litre after a review of the prevailing market fundamentals for the month of November 2020 with effect from Friday, 13th November 2020.
Addressing newsmen in Kano on Friday, the Chairman of IPMAN Kano branch, comprising Kano, Bauchi, Jigawa and the Katsina States, Bashir Dan-Mallam, gave the directive.
Mr Dan-Malam said the the association heeded to PPMC advice for the upward review of the pump price of petrol as contained in the circular.
“I call on all our members within our branch to immediately change the price of their litres from N160 per litre to between N168 and N170 per litre.
”This development came after we received a circular from PPMC, advising us on the upward review of the price after it reviewed the market fundamentals gorgeous the month of November 2020,” the release stated.
The PPMC had in a circular dated 11th November 2020, said the PPMC ex-coastal price is N130 per litre while the ex-deport price is now N155. 17 per litre with effect from 13th November 2020.