Friday, August 12, 2022

IPMAN directs members to sell petrol at N170 per liter in Kano

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By Mustapha Usmanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
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The Kano branch of Independent Petroleum Marketers Association of Nigeria, IPMAN, has directed its members across the zone to sell Premium Motor Spirit, PMS, otherwise known as petroleum at N168 to N170 per litre.
DAILY NIGERIAN reports that the Pipeline and Product Marketing Company, PPMC had on Thursday released a circular, advising the petroleum marketers to sell petroleum within the range of N168 to N170 per litre.
The PPMC said the decision came after a review of the prevailing market fundamentals for the month of November, 2020 with effect from Friday,  November 13.
In this light, the Chairman of the IPMAN, Kano branch, comprising Kano, Bauchi, Jigawa and the Katsina States, Bashir Dan-Mallam, gave the directive while addressing newsmen in the state on Friday.
According to him, the association heeded to PPMC advice for the upward review of the pump price of petrol as contained in the circular.
The circular dated November 11 and signed by EDC. Ali Tijjani, said the PPMC ex-coastal price is N130 per litre while the ex-deport price is now N155. 17 per litre with effect from 13.
“I call on all our members within our branch to immediately change the price of their litres from N160 per litre to between N168 and N170 per litre.
”This development came after we received a circular from PPMC, advising us on the upward review of the price after it reviewed the market fundamentals gorgeous the month of November 2020,” he said.
He assured the public of the association’s commitment to ensure steady fuel supply across the state and beyond.

legit.com

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