The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said that filling stations in Lagos were not selling fuel because of uncertainty of the new pump price. IPMAN’s President, Chinedu Okoronkwo, made this known in an interview in Lagos. Petroleum Products Marketing Company (PPMC) had adjusted the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, from N147. 67 to N155.17 effective Nov. 13. A correspondent who monitored the situation at Ikeja, Iyana-Ipaja and Abule-Egba areas of Lagos State observed that only a few filling stations were…
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IPMAN directs members to sell fuel at N150 per litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Wednesday, told its members to commence selling of petrol at N150 per litre. In a statement signed by the chairman, Kano chapter, Bashir Ahmad Danmallam, IPMAN said member will comply with Petroleum Products Marketing Company (PPMC) instruction without hesitation. According to him, the directive was also in compliance with the government’s earlier statement that it would review upward or downward the price of the commodity on a monthly basis depending on the price on the international market. PPMC had in a memo…
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