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IPMAN Orders Members To Sell Fuel At N150 Per Litre




Bismarck Rewane, chief executive officer of Financial Derivatives Company Limited, has told Nigerians to prepare for an imminent increase in the pump price of petrol.

Zainab Sanni

The Kano branch of Independent Petroleum Marketers Association of Nigeria (IPMAN), has ordered its members to sell petrol at N150 per litre.

The IPMAN chairman, Bashir Dan-Malam, gave the directive in a statement made available to newsmen in Kano on Wednesday.

He said, “the directive was also in compliance with the government’s earlier statement that it would review upward or downward the price of the commodity on monthly basis depending on the price at the International market.

“Please be informed that the Management has approved the ex-depot price of petroleum products including Premium motor spirit (petrol) at N138. 62 per litre.

“Similarly, the private depots had also increased their price as they would sell the commodity to their members at N139.5 per litre.

“All members under our jurisdiction are therefore asked to comply with the new price regime by making sure no one sells above the approved selling of N150 per litre”.


READ ALSO: Fuel Price: IPMAN Directs Members To Defy FG

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