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Ministry of Petroleum to enforce official fuel price of N148.18 – IPMAN

April 22, 2021
in Business News, Latest Nigeria News, Nigeria News
Ministry of Petroleum to enforce official fuel price of N148.18 – IPMAN
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As queues refuse to disappear across the federal capital territory and some other parts of the country, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has called for the enforcement of official fuel price of N148.18 across the country by the federal ministry of petroleum resources. 

IPMAN made the call following queues across the country creating unavoidable hardship for commuters and motorists alike.

In a statement that was signed by the national President of IPMAN, Engr. Sanusi Fari, the body said the Petrol marketers specifically called on the Ministry of Petroleum Resources to enforce the official price of N148.18 by deploying DPR to private depots so that PMS will be available to the populace at approved government price.

According to the IPMAN boss, the members of IPMAN procure PMS through private depots who are presently selling at N155 per litre as against N148.18 sold by PPMC, the sole importer.

Fari noted that it will be difficult to sell PMS at government approved price band of N162 – N165 after adding the cost of logistics.

Assuring Nigerians of uninterrupted dispensing of petrol across the country, IPMAN appealed to the leadership of NARTO and NUPENG to tread the path of dialogue towards resolving the issues at stake concerning the condition of service of tanker drivers.

“We wish to thank the President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, Muhammadu Buhari, GCFR, for working tirelessly in stabizing the price of PMS by issuing statements through the GMD, NNPC that there would not be any price adjustment of PMS for the month of May.

 

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