The Independent Petroleum Marketers Association of Nigeria (IPMAN), has instructed all its members nationwide to reduce petroleum pump price from N145 per litre to N140. In a statement signed by the National President of the association, Elder Chinedu Okworonkwo, the decision followed the Saturday’s last-minute postponement of presidential and National Assembly elections by the Independent National Electoral Commission (INEC). “IPMAN was prompted to slash N5 from the N145 per litre official Petroleum pump price in a bid to motivate Nigerians to return to vote again on Feb. 23. “We urge all our members across Nigeria to immediately reduce the fuel pump price from N145 per litre to N140 per litre. “We decided to express our concern over the postponement, as president Buhari expressed concern over the development.

Source: The North Africa Journal February 18, 2019 12:56 UTC