No Plan To Increase Petrol Price- IPMAN

On Thursday, the Independent Petroleum Marketers Association of Nigeria clarified that its members had no intention of raising fuel prices. Okanlawon Olanrewaju, IPMAN’s Public Relations Officer, conveyed this message during an interview with Channels Television and urged Nigerians to refrain from panic buying petrol.

Despite the Nigerian National Petroleum Company Limited’s dismissal of another price hike possibility on Wednesday, there remains anxiety among many Nigerians. However, IPMAN’s PRO reassured that oil marketers lack the authority to independently increase fuel prices unless directed otherwise by NNPCL.

“As far as the independent marketers are concerned, we don’t have plans or plans to increase fuel pump price

“There is no basis for that for now. There is no signal from NNPC that we should increase. So, we cannot do that on our own except NNPC comes out and says we are going to increase pump price. On our own, there is nothing like that.

“I want to use this opportunity to appeal to the public to stop panic buying. There is nothing like that (fuel price increment). It is just a rumour, ” he said.


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