The Independent Petroleum Marketers Association of Nigeria
(IPMAN) has denied the alleged plan by the association to increase the pump
price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre
nationwide.
NAN reported that the Chairman of IPMAN Southwest Zone, Dele
Tajudeen, made the clarification in an interview in Ibadan on Friday.
He urged Nigerians to disregard the speculation and not
engage in panic buying.
Tajudeen stressed that the product’s price would not be more
than what is being sold presently.
He commended President Bola Tinubu for removing the subsidy
on petrol, adding that it was long overdue.
“Even in the PIA bill, it has been clearly stated that the
subsidy must be removed. So, I want to commend him for removing the subsidy and
say that we are in support. It is because the subsidy was a scam.”
He said the slight increase in pump price was because of the
transportation cost and that Nigerians should be at rest as the commodity will
not be out of reach for the masses.
“I want to disabuse the people’s mind that they should not
panic about it; there is no cause for alarm, we are in control and nothing like
that.
“So, people should be assured that there is no way they can
buy petrol more than the price it is being sold now.
“If we look at the price from NNPC retail limited, which is
an integral part of NNPC limited, they have more advantages than independent
marketers and major marketers.
” So, it was the retail price that they announced they had
never given a specific price to the independent marketers.
“However, I have read what somebody put in the paper; it is
just speculation and not a reality. Nothing like that; I want to assure the
masses.
“There is no way the price can go to N700 as we speak
because even if the FX is N700 or N800, that has nothing to take the price of
petroleum from N500 to N700,” Tajudeen said.
Meanwhile, a coalition of Civil Society Organisations (CSOs)
had vowed to resist the alleged planned increase in the pump price of petrol.
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