The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it would be difficult for its members to sell fuel at NN162 to N165 price band by the Federal Government.
Engr. Sanusi Fari, National President of IPMAN, explained that the development was because majority of his members
procure their PMS through private depots who are presently selling at N155 per litre as against N148.18 sold by PPMC, the sole importer.
He said:”So, presently, it will be difficult to sell PMS at government approved price band of N162 – N165 after adding the cost of logistics.The very few marketers that bought the product at N148.18 are the ones selling within government price band which led to the queues being presently experienced within Abuja city.
“We therefore call on the Ministry of Petroleum Resources to enforce the Official price of N148.18 by deploying DPR to private depots so that PMS will be available to the populace at approved Government price” noted the state
