Petroleum Marketers React To New Price Modulation By PPPRA

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reacted to the new price modulation announced by the Petroleum Pricing Regulatory Agency (PPPRA).

The agency had advised them to either sell at the new pump price or adjust to what will make Nigerians happy.

However, petroleum marketers say it can sell petroleum product at N123.5 per litre and not N121.5 new PPMC pump price.

And as such, they accordingly instructed their marketers to comply with the advice of the government and adjust to N123.5 per liter pending the Deport Petroleum Marketers Association’s action on the new pump price.

This information was contained in a press release by IPMAN chairman, Kano chapter, Alhaji Bashir Danmallam in Kano.

Alhaji Bashir asked all marketers in his jurisdiction to comply with the new price modulation advice by making sure no one sells above the approved ceiling of 123.50 Naira per liter.

He further assured the public of a steady supply and distribution of petroleum products at all times and in all circumstances.