JUST IN : IPMAN directs members to sell petrol at N170 per liter

The Independent Petroleum Marketers Association of Nigeria, Kano branch has directed its members across the state to sell Premium Motor Spirit (petrol) from N168 to N170 per litre.

The Pipeline and Product Marketing Company (PPMC) had on Thursday, November 12, 2020, released a circular, advising the petroleum marketers to sell petrol within the range of N168 per litre to N170 per litre after a review of the prevailing market fundamentals for the month of November 2020 with effect from Friday, 13th November 2020.

IPMAN Kano branch Chairman, comprising Kano, Bauchi, Jigawa and the Katsina States, Bashir Dan-Mallam, gave the directive while addressing newsmen in the state on Friday.

Solacebase reports that the NNPC in September 2020 increased petrol pump price to N162 per litre.

According to him, the association heeded to PPMC advice for the upward review of the pump price of petrol as contained in the circular.

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The circular dated 11th November 2020 signed by EDC. Ali Tijjani R. said the PPMC ex-coastal price is N130 per litre while the ex-deport price is now N155. 17 per litre with effect from 13th November 2020.

“I call on all our members within our branch to immediately change the price of their litres from N160 per litre to between N168 and N170 per litre.

”This development came after we received a circular from PPMC, advising us on the upward review of the price after it reviewed the market fundamentals gorgeous the month of November 2020.

He assured the public of the association’s commitment to ensure steady fuel supply across the state and beyond.