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Good News: Price Of Petrol May Crash Next Week
There are indications the price of petroleum
products may crash next week.
This was disclosed on Wednesday, August 6, by the
Independent Petroleum Marketers Association of
Nigeria (IPMAN) Ilorin branch.
According to report, IPMAN members have been
asked to dispose the products they have in stock to
avoid loss when the price crashes.
The association chairman, Alhaji Sulaiman O.
Olanrewaju during an emergency meeting to address
the factional crisis rocking it for some time now, said
members who fail to dispose their available products
may suffer great loss as they are sure of how much
the product will fall to.
Olanrewaju commended the government for their
effort in reviving all petroleum depots in the country.
The IPMAN boss, however, lamented that they cannot
sell the product they bought at N96 for N87.
He added that the price of petrol will soon go back to
N87 in Ilorin as most feeling stations sell above the
N87.
Before leaving office, former president, Goodluck
Jonathan reduced the price of petrol from N97 to
N87. But for some months now, Nigerians have been
buying petroleum products above N87 pump price.
Nigerians all over the country have been complaining
that they have to buy petrol for N110 and above
instead of N87 per litre.
The Department of Petroleum Resources had vowed
to sanction depot owners and major marketers who
sell petrol and kerosene above the official price.
Thepanacea Reports.
thepanacea.com.ng
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