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IPMAN Debunks Directing Members To Reduce Fuel Price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has debunked statement making the rounds that the association had directed its members to reduce petroleum pump price from N145 to N140 as part of the association’s contribution towards encouraging voters to participate in the election processes.

A statement made available  yesterday in Abuja signed by IPMAN national president, Engr. Sanusi Fari said he has not ordered that marketers should sell at N140 per litre. Fari called on its members to continue to render their services to the public in view of the one-week postponement of the elections and not to sell petrol (PMS) above the federal government’s approved pump price of N145.

He further reiterated that “members who wish to sell at any price below N145 are free to do so because the current government policy makes the product available and encourages price competition.’’ Fari also lauded the All Progressives Congress (APC) led-federal government efforts aimed at ensuring stability in the supply of petroleum products. “Unlike before when marketers wander about in search of product which makes it more expensive for them and the consumers,’’ he said. He, however, warned his members not to hoard petroleum products because of the election postponement.

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