The Independent Petroleum Marketers Association of Nigeria,
IPMAN, has urged President Bola Tinubu to declare a state of emergence on the
country’s refineries.
IPMAN Chairman in Rivers State, Dr Joseph Obele, made the
call against the backdrop of the hike of the pump price of Premium Motor
Spirit, PMS, also known as petrol.
The pump price of fuel on Tuesday skyrocketed to N612 per
litre.
However, Obele said the ex-depot price increased from N487.7
per litre to N567.7 per litre.
A statement by Obele said: “It is true, that on Tuesday 18th
July. We saw a new buying rate on the NNPC Portal.
“The previous buying rate was N487.7 per litre. The new
buying rate going forward is N567.7 per litre.
“The new selling rate ranges from N600, N610, N620 and
above.
“It is going to bring hardship to the citizens and marketers
will need to source for additional trading capital in order to remain in the
business.
“Our solution is fixing Nigeria’s refineries. Mr President
should declare a state of emergency on Nigeria refineries.”
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I support IPMAN urging Mr. President to declare a state of emergency on Nigeria's Refineries right now. Besides what is happening at Dangote Refinery? July is coming to an end, any production so far? I would like to know.
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