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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Marketers order members to stop operation across the country


By Favour Ajibade


Fuel scarcity is getting worse by the day, as  Independent Petroleum Marketers Association of Nigeria (IPMAN)  its directed its members to suspend all operations across the country.

By this, IPMAN appears making good its threats to shut down thousands of filing stations owned by its members across the country, in the event that the Federal Government insists on the N195 per litre price for petrol.

The Chairman, IPMAN, Mohammed Kuluwa, said  this yesterday, in a statement, which he  signed  and made available to the media.  

Part of the statement reads: " Marketers have been  ordered to suspend the payment of ordering products from the source until further notice.The decision followed the critical situation as it affects our sourcing and selling of product at lost and the action of the authority to impose the selling of product at a lost price on our side”.

It is, however, not yet clear whether marketers will rescind their decision to stop selling fuel or not. 


 


 


 

 

 

 

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