The independent petroleum marketers association of Nigeria IPMAN has reacted to the new price modulation announced by the Petroleum Pricing Regulatory Agency PPPRA and has accordingly instructed marketers to comply with the advice of the government effectively and immediately.
IPMAN chairman Kano chapter Alhaji Bashir Danmallam on Tuesday issued the advice in a statement released in Kano and sent to Solacebase.
Alhaji Bashir Danmallam requested all Marketers in his Jurisdiction to comply with the new price modulation advice by making sure no one sells above the approved ceiling of 123.50 naira per litre.
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In the statement the IPMAN Chairman further assured the public of a steady supply and distribution of petroleum products at all times and in all circumstances, praying also that God would see us through this COVID-19 pandemic and advised both the public and marketers to continue to observe all public health measures of personal hygiene and social distancing.
Solacebase recalled that on Monday, PPPRA had announced a reduction in the pump price of premium motor spirit PMS ( also known as petrol).
This was announced in a memo with the new price guideline for the month of June, titled ‘A.4/9/017/C.2/IV/70131’,the PPPRA pegged the petrol pump price from N121 to N123.50 per litre
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