Fakoyejo OlalekanIndependent Petroleum Marketers Association of Nigeria (IPMAN) said 100 filling stations have been sanctioned and shut down for selling above N196 per litre.
According to the National Public Relations Officer of IPMAN, Yakubu Suleiman, the appropriate price for fuel is N195 or N196 per litre.
He said filling stations selling at outrageous amounts and exploiting Nigerians are being sanctioned. Suleiman revealed this on Wednesday, during an interview with Channels TV.
The IPMAN PRO said: “We have a task force that goes around all the filling stations in the country. I want to assure that there are there working and any filling station caught increasing the price just because of this announcement, there has to be a penalty for that. I want to assure Nigerians not to panic.”
He said a litre of fuel going for N195 or N196 is the stipulated price, “that is the normal price the filling stations used to sell even before day before yesterday’s announcement by Mr President,” Suleiman added.
Suleiman said the IPMAN has been sensitising its members as regards the removal of fuel subsidy removal, which is slated for the last day of June.
“Subsidy is going to end by June and we tried to inform and highlight to our members not to our members, they should not panic, they should just continue selling the product at their filling stations at the appropriate pricing,”
Meanwhile, the oil marketer defended President Bola Tinubu’s decision to stop subsidising fuel, stating that it was the solution to make Nigeria great.
Suleiman said: “IPMAN’s position is that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is supporting or has supported the deregulation of the industry.”
The spokesperson stated: “Removing subsidy is the only answer to make Nigeria great because there is no country that can survive without deregulating the economy.”
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