Author: Phlippages
On Monday June 12, the Independent Petroleum Marketers Association of Nigeria (IPMAN) urged Marketers across Nigeria to start dispensing Petrol at N180 per litre or above depending on their environment.
The Cartel has made it known that it would no longer be feasible for then to sell Premium Motor Spirit also known as Petrol at the government’s N165 per litre limit.
“The chairman and executives, in conjunction with some senior members of our unit, organised a press conference today , 20th June 2022, at IPMAN HOUSE Ejigbo Lagos, where we explained our predicament with the current price of PMS at the private depot.
“We explained that with the current price, there is no way we can sell less than N180 per litre. On this note, members are hereby advised to sell at a sustainable price within their environment.
“Just make sure that the price is on your pump. Kindly contact the secretariat should you have any authority challenging your operations,” IPMAN spokesman Akeem Balogun said in a statement to Peoples Gazette.
The decision was made due to the government’s failure to address the subsidy. Marketers said that the N165/liter price set by the government was lower than the import price as they haven’t been able able to access supplies of the products from any of the government-owned depots. They have now resorted to buying from private depots who exploit them.
The current administration has missed all deadlines it has made to tackle the issue of subsidies.
