IPMAN Vows to Comply With New Petrol Price Regime

Petroleum Products

By Adedapo Adesanya

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on its members to immediately comply with the reduction in the price of Premium Motor Spirit (PMS), otherwise known as petrol.

This is in accordance with the recent price band for June 2020 announced by the Petroleum Products Pricing Regulatory Agency (PPPRA).

Chairman of the association in Kano State, Mr Bashir Danmalam, disclosed this via a statement signed Tuesday, June 2.

According to him, all marketers under the jurisdiction were to immediately comply with the new price modulation advice by making sure no one sells above the approved ceiling of N123.50 per litre.

He assured the public in the statement that a steady supply and distribution of petroleum products will be available at all times and in all circumstances.

Mr Danmalam also commended the federal fovernment for stable supply and distribution of the product, despite whatever restrictions might arise as a result of the COVID-19 pandemic.

He then advised both the public and marketers to continue to observe all public health measures of personal hygiene and social distancing.

Business Post had reported on Monday that the PPPRA had reduced the pump price of petrol in the country for the month of June, the PPPRA pegged the petrol pump price band between N121.50 kobo per litre to N123.50 kobo per litre.

According to the agency, the ex-depot price band was N100.13 kobo per liter and N108.13 per litre, while ex-depot for collection is N108.78 kobo per liter and N111.78 kobo per litre.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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