Reacting to the development, the Independent Petroleum Marketers Association of Nigeria (IPMAN), yesterday instructed its members to commence sale of fuel at the new pump price of N150 per litre. IPMAN’s directive came few days after the Petroleum Products Marketing Company (PPMC), announced the new price modulation. “Please be informed that the management has approved ex-depot price of petroleum products, including Premium Motor Spirit (petrol) at N138. Similarly, the statement urged private depots to also increase their price as they would sell the commodity to their members at N139. Danmalam assured the public of availability of petroleum products at all times.

Source: The Guardian August 06, 2020 04:41 UTC