The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it intends to raise the pump price of petrol to N700 per liter across the nation, News About Nigeria reports.
Dele Tajudeen, the chairman of IPMAN in the south-west region, addressed this issue on Friday, June 30.
Tajudeen urged Nigerians to dismiss such rumors and advised against panic buying of the commodity.
He further assured the public that the price of petrol would be lower than its current selling price.
Expressing his appreciation, the IPMAN chairman commended President Bola Tinubu for abolishing the petrol subsidy, emphasizing that this decision was long overdue.
He attributed the increase in the pump price to the rising transportation costs associated with distributing the product.
According to the zonal chairman of IPMAN, individuals should be confident that they will not have to purchase petrol at a price higher than the present rate.
He highlighted that the NNPC retail limited, an integral part of NNPC limited, enjoys more advantages compared to independent and major marketers.
The retail price announced by NNPC retail limited does not impose a specific price on independent marketers.
Moreover, Tajudeen dismissed the recent speculations published in the media as baseless and untrue.
He emphasized that these claims were mere assumptions and urged the general public not to worry.
The statement from IPMAN has generated both relief and skepticism among the public, as Nigerians closely monitor the fluctuating fuel prices and its impact on their daily lives.
Many Nigerians have expressed relief at the denial, as the proposed increase would have undoubtedly put a strain on their already stretched finances.
The cost of living in Nigeria has been steadily increasing, and any additional burden on essential commodities such as petrol can have severe consequences for the average Nigerian.
