- Advertisement -spot_imgspot_imgspot_imgspot_img
HomeBusinessIPMAN urges members to comply with new PMS pump price

IPMAN urges members to comply with new PMS pump price

- Advertisement -spot_img


By Justice Ilevbare

Alhaji Suleiman Yakubu, National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged marketers to comply and sell at the new pump price of N162.44.

The Federal Government has agreed with the organised labour unions to reduce the pump price of Petroleum Motor Spirit (PMS) by N5 with effect from Dec. 14.

Yakubu, who disclosed this in an interview on Monday, said the association was in support of the decision by government and labour which, is in the interest of Nigerians.

“We support the government and its policy, as we also know that government has its citizens’ welfare at heart. The oil and gas business has been unstable since the pandemic started,”Yakubu said.

A survey conducted  in Abuja indicated that major marketers at Wuse, Gwarimpa, Maitama, Wuye, Asokoro and Karmo are yet to adjust to the new price.

A manager at one of the filling stations, who pleaded anonymity, described the new price regime as a welcome development, but they have not been told to adjust the pump.

“We await further instructions,” he said.

A taxi driver, Mr Uche Ezeh, said that the new pump price was good for their business, adding that commuters would not have to pay more while traveling for the festive season.

“Most fuel stations in Abuja are yet to adjust the pump price, but if they increase the fuel they will implement in no time.

“I plead with the government to make sure all the oil marketers do the needful,” he said.

Reports have it that since April, the Petroleum Products Pricing Regulatory Agency (PPPRA) had continued to issue monthly pricing directive on PMS to the marketers.

In June, there was a slight reduction as the price was fixed at N121.50 per litre, from N123.50 in May.

The July price was N20.30 higher than the June price of N121.50 per litre.

The November price was from N160 per litre to between N166 and N170 per litre.

- Advertisement -spot_img
- Advertisement -spot_img
Stay Connected
Must Read
- Advertisement -spot_img
Related News
- Advertisement -spot_img


Please enter your comment!
Please enter your name here