IPMAN warns members against selling fuel above N165

The Independent Petroleum Marketers Association  [IPMAN] of Nigeria has warned members of the association not to dispense premium motor spirit, popularly called petrol, above the approved 165  naira per litre pump price.

IPMAN in conjunction with the association of distributors and transporters of petroleum products gave the warning in Abuja following reports that many retail outlets had adjusted the price in their various pumps upwards above the government-regulated rate.

The factional national president, IPMAN, Chinedu Okoronkwo, admitted that members of the association had called for a hike in petrol price

He however noted that the Nigerian national petroleum company limited had released enough petrol.

He said members of the association in Lagos were getting the fuel at 170 – 173 per litre saying that is why they wanted price increased.