The Independent Petroleum Marketers Association of Nigeria, IPMAN, has directed its members to sell Premium Motor Spirit (PMS) between N168 and N170 per litre.
Recall that the Pipeline and Product Marketing Company, PPMC, on Thursday, advised the marketers to peg petrol price between the same window with effect from Friday, 13th November 2020, giving the prevailing market forces.
Following PPMC’s advised, IPMAN’s supervisory chairman for Kano, Bauchi, Jigawa and Katsina states, Bashir Dan-Mallam on Friday, directive its members to comply with PPMC’s circular, which advised.
The PPMC circular dated 11th November 2020 and signed by the EDC, Ali Tijjani R., said the PPMC ex-coastal price is N130 per litre while the ex-depot price is now N155. 17 per litre with effect from 13th November 2020.
“I call on all our members within our members 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,” Dan-Mallam said.
Dan-Mallam assured members of the public of adequate supply of petrol.
