Following the increase in the price of premium motor spirit, otherwise known as petrol, the Independent Petroleum Marketers Association of Nigeria, (IPMAN), has blamed the recent rise on an increment in the ex-depot cost of petroleum.
IPMAN’s Chairman, Benin Depot, Douglas Iyike, disclosed this while reacting to a directive issued by the Nigeria Union of Petroleum and Natural Gas Workers, (NUPENG), asking that the price should be reversed.
According to him, the increment is due to the hike in the ex-depot price of petrol, which he said should be the area where NUPENG should direct its threat rather than directing same at marketers.
He further said, “We have read in newspapers that the supposed 24-hour notice issued to marketers regarding the increment in the pump price of petrol.
“There has been an increment in the ex-depot price which has left marketers with no option than to increase the pump price of petrol above the official N165 per litre in recent weeks”.
“We believe that addressing the issue of the ex-depot price should be the focus of NUPENG and not attempting to picket petrol stations, which might lead to a breakdown of law and order”, the union stated.
