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Petroleum marketers refute plan to increase petrol price to N700 per litre

By Gift Luckson
Estimated reading time: Less than 1 minutes

Petroleum marketers refute plan to increase petrol price to N700 per litre

Story from Vivian DANIEL, Abuja

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to hike the pump price of Premium Motor Spirit (PMS) popularly known as petrol to N700 per litre nationwide.

READ ALSO: Petrol pump price may rise to N700 per litre in July – Marketers

The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen, who stated this in an interview with newsmen in Ibadan, has accordingly urged Nigerians to ignore the speculation and not engage in panic buying.

Tajudeen emphasised that the price of the product would not be more than what is being sold presently, and applauded President Bola Tinubu for removing the subsidy on petrol while adding that it was long overdue.

He said the slight increase in the pump price was because of the transportation cost and that Nigerians should be at peace as the commodity will not be out of reach for the masses.

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