The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said there is no impending increase in the pump price of petrol, commonly known as Premium Motor Spirit (PMS).
Public Relations Officer of IPMAN, Okanlawon Olanrewaju, made the clarification on Thursday in an interview on Channels Television.
He said even though IPMAN members were not importing petrol as they didn’t have the capacity to do that presently, they didn’t have any plan to increase prices.
“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.
Olanrewaju, however, appealed tithe NNPCL to increase product supply to IPMAN members to keep them in business.
There has been apprehension among Nigerians since the news broke of an alleged dispute between NNPCL and IPMAN, with the oil marketers reportedly stating that the price of petrol could be approximately N1,200/litre without subsidies, taking into account global commodity costs.
