IPMAN alerts FG on plots to increase petrol price by depot owners
Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano has alerted the Federal Government to the alleged decision by some private depot owners to increase fuel prices.
Chairman, IPMAN Kano Branch, Alhaji Bashir Danmallam, disclosed this in a statement in Kano on Friday, October 22.
He said that the decision would cause a fuel crisis in the country, if not halted.
The chairman said that depot owners have increased the price of the product; from N148 per litre to between N153 and N155 per litre since Friday last week.
“The association found it necessary to alert the government; in order not to blame its members when they increase the price of the commodity; as they will not sell the product at a loss.
“We are calling on the management of the NNPC to investigate the issue, because we know it is only the Federal Government that imports fuel, not private depot owners.
“As I am talking to you now private depots in Warri, Calabar, Lagos, and Oghara have started increasing their prices.
“We hope the management of the NNPC will investigate the matter with a view to proffering solutions,” Danmallam said.
