Independent 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.”
Nigerian government has described as "false", the allegations made by cryptocurrency exchange platform, Binance, that… Read More
The military is saddled with the responsibility of safeguarding a country's territorial borders and it's… Read More
Nigerians have expressed dissatisfaction with the new cybersecurity levy imposed by the Central Bank of… Read More
The number of students in most Nigerian universities engaging in businesses has been rising in recent times. This… Read More
Nigerian superstar Simi has spoken up about the inspiration behind the controversial title of her… Read More
Presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi, has… Read More
This website uses cookies.