FG slashes fuel pump price to 125/litre

IPMAN denies plan to review petrol pump price 

Business News

By Al-Mustapha Ado


The Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano Deport branch, has said that there is no plan to review pump prices of Premium Motor Spirit (PMS) popularly known as petroleum.

Rumour was making the round through social media that the Federal Government was planning to reduce the pump price of petroleum from N145 to N95. 


However, in a press conference at its office in Kano recently, the chairman of the association, Alhaji Bashir Dan-Malam described the report as mere lie and rumour aimed at deceiving the people of the nation in order to achieve a certain political goal.

According to him, the rumour was the handiwork of certain unscrupulous elements, who were jealous of the relative availability of the product, even as the Federal Government had succeeded in tackling the menace of fuel scarcity, which became a tradition in every end of the year.

According to Alhaji Dan-mallam, he contacted the Managing Director of PPMC, Alhaji Umar I. Ajiya on the issue, who assured him that the report was not true.


He noted that the rumour peddlers were bent on inciting the people against the Federal Government, adding that the Nigeria National Petroleum Corporation (NNPC) was doing its best towards ensuring availability of the products in the nation.


“We have received the rumour that the Federal Government is planning to review the price of petroleum from N145 to N95. This is not true. There is no report like this.


“I had contacted the MD PPMC, Umar I. Ajiya. He confirmed to me that the report is lie. This is the handiwork of politicians who want to incite people against the government,” he said.


The chairman also called on the marketers across his branch, comprising Kano, Bauchi, Jigawa, Katsina and Yobe States to disregard the rumour and continue running their lawful business.


He also assured that the era of end-of-year petrol scarcity is over, revealing that all the deports across the country were filled to the brim with the product.


He however called on the Federal Government to ensure speedy reconstruction of Lagos-Kano, Port Harcourt – Kano, Calabar-Kano and Warri-Kano roads for easy transportation of the products.

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