05 August 2020 by Abdullahi jalaluddeen
The Independent Petroleum Marketers Association of Nigeria, IPMAN, Kano chapter has directed its members to sell Premium Motor Spirit, otherwise known as petrol at N150 per litre.
The directive is contained in a statement by the Chairman of the Association, Bashir Dan-Mallam in Kano.
He said the directive followed the new price modulation announced by the Petroleum Products Marketing Company, PPMC.
According to him, the directive was also in compliance with Government’s earlier statement that it would review upward or downward price of the commodity on monthly basis depending on the price at International market.
“Please be informed that the Management has approved ex-depot price of petroleum products including Premium motor spirit (petrol) at N138. 62 per litre,”the memo said.
Similarly, he said, the private depots had also increased their price as they would sell the commodity to their members at N139. 5 per litre
He asked all members under his jurisdiction to comply with the new price regime by making sure no one sells above the approved ceiling of N150 per litre.
Mr Dan-Mallam assured the public of availability of the petroleum products at all times.