IPMAN Calls On FG To Stay Action Before Increasing Petroleum Price


*declares emergency stakeholders meeting  


The Independent Petroleum Marketers Association of Nigeria (IPMAN) has described the alledged increase of Ex-Depot price of petroleum motor spirit  from 147.67 to 155.75.50 without any consideration for the current economic and political situation of the country as  uncalled for. 

According to him, the increase is exclusive of Marketers margin, transportation, loading expenses etc. saying, the Government is insensitive to the plight of Marketers and the Masses. 

IPMAN therefore, appealed to the federal government to stay action before implementing the new Ex-Depot price announced by the management of the Nigeria National Petroleum Corporation (NNPC).

In a press statement issued late last night in Abeokuta, the Ogun state capital, IPMAN’s South West Zonal chairman, Alhaji Dele Tajudeen said the plea became necessary so as not to incur rawt of theNigerian masses who are going through economic hardship.

“We are therefore pleading with Federal Government to shelve the plan increase until further notice to give room for consideration and adjustment.

“Without any cosidertion to the stake holders plights, they increased the new regime price which NNPC Management saying it would be effective from tomorrow Friday, 13th 2020” Tajudeen  stressed with concern.

“He declared further that 
IPMAN will  holds emergency meeting with other stakeholders tomorrow to trash out this unbecoming and the arbitrary increase in the Ex-Depot prices”. He concluded.


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