IPMAN reacts as FG increases Fuel Pump Price

IPMAN reacts as FG increases Fuel Pump Price
IPMAN reacts as FG increases Fuel Pump Price

IPMAN reacts as FG increases Fuel Pump Price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has described and reacted to the alleged increase of ex-depot price of premium motor spirit from 147.67 to 155.75 without any consideration for the current economic and political situation of the country as uncalled for.

IPMAN therefore, appealed to the federal government to stay clear action on the implementation of the new ex-depot price announced by the management of the Nigeria National Petroleum Corporation (NNPC).

The South West Zonal Chairman of IPMAN, Alhaji Dele Tajudeen, who said this in a statement issued in Abeokuta, the Ogun State capital, said the plea became necessary so as not to trigger the wrath of Nigerians who are going through economic hardship.

According to him, the increase is exclusive of marketers margin, transportation, loading expenses, saying, that government is insensitive to the plight of the marketers and the masses.

Dele Tajudeen

“We are therefore pleading with the federal government to shelve the planned increase until further notice, to give room for consideration and adjustment.

Without any consideration to the stakeholders plights, the federal government announced the new price regime which NNPC management said it would be effective from today, Friday, 13th 2020”.

He declared that IPMAN will hold emergency meeting with other stakeholders to trash out this unbecoming and the arbitrary increase in the ex-depot prices”.

he added.

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Uzo Munachi
Uzo Munachi, from Anambra state, a student and a young entrepreneur, looking to make an impact in the world!