The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to stay action on the implementation of the new ex-depot price.
IPMAN described the increase without any consideration for the current economic and political situation of the country as uncalled for.
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), had in an internal memo dated November 11, jerked up the ex-depot price of petrol to N155.17 per litre.
In a statement on Friday by the South-West Zonal Chairman of IPMAN, Dele Tajudeen said the plea became necessary so as not to incur the wrath of Nigerians who are going through economic hardship.
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to stay action on the implementation of the new ex-depot price.
IPMAN described the increase without any consideration for the current economic and political situation of the country as uncalled for.
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), had in an internal memo dated November 11, jerked up the ex-depot price of petrol to N155.17 per litre.
In a statement on Friday by the South-West Zonal Chairman of IPMAN, Dele Tajudeen said the plea became necessary so as not to incur the wrath of Nigerians who are going through economic hardship.
It appealed to the Federal Government to stay action on the implementation of the new ex-depot price announced by the management of the Nigeria National Petroleum Corporation (NNPC).
According to IPMAN, the increase is exclusive of marketers margin, transportation, loading expenses, saying, that government is insensitive to the plight of the marketers and the masses.
“We are therefore pleading with the Federal Government to shelve the planned increase until further notice, to give room for consideration and adjustment.
“Without any consideration to the stakeholder’s plights, the federal government announced the new price regime which NNPC management said it would be effective from today, Friday, 13th 2020”, Tajudeen said.
He disclosed that IPMAN will hold an emergency meeting with other stakeholders to trash out “this unbecoming and the arbitrary increase” in the ex-depot prices
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