Premium Motor Spirit (PMS), commonly called petrol, will now sell at N180 per litre, following a directive by the Independent Petroleum Marketers Association of Nigeria (IPMAN) to it’s members, on Monday.
IPMAN, in a statement by its secretary, Akeem Balogun, said with the predicament and the current price of PMS at private depot, there was no way they could sell PMS less than N180 per litre.
The statement reads: “Distinguished marketers, the Chairman and executives in conjunction with some senior members of our unit, organised a press conference today 20th June, 2022, at IPMAN HOUSE Ejigbo Lagos, where we explained our predicament with the current price of PMS at private depot.
“We explained that with the current price, there is no way we can sell less than N180 per litre.
“On this note, members are hereby advised to sell at a sustainable price within their environment. Just make sure that the price is on your pump.
“Kindly contact the Secretariat should you have any authority challenging your operations.”
Petrol is currently sold at the government regulated price of between N162 and N165 per litre.
