The Independent Petroleum Marketers Association of Nigeria, IPMAN, has warned Southeast residents to stop panic buy, as there’s no plans whatsoever by the Federal Government to increase fuel pump price.
The association told members of the public at the weekend to disregard the alarm and speculations about increase in pump price of Premium Motor Spirit otherwise known as petrol.
Chairman of IPMAN, Enugu Depot, Mr Chinedu Anyaso gave the warning in Awka, Anambra state at the weekend, while speaking with reporters.
He disclosed that the Nigeria National Petroleum Company Limited , NNPCL, being the sole importer of the product had not in any way informed marketers of any intending increase in price, hence the need for the people to disregard the speculations in ‘social media’.
According to him, “the panic may have arisen from a calculation of the downward trend of naira in exchange with the dollar.”
The IPMAN boss reassured the people that there was no plan by marketers to jerk up the cost of petrol since there was no announcement from the sole importer of the product.
The IPMAN, Enugu Depot Chairman said contrary to media reports, the Port Harcourt refinery was yet to come on stream at the moment.
He explained that the information made available to IPMAN, indicated that the mechanical aspect of the 60,000 barrel capacity PH refinery had been done, while work was still in progress on other aspects.
***
You can visit us for more news at: thenewsdesk.ng
