The Nigerian National Petroleum Company Limited has announced the sale of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at a price of N995 per litre.
The decision followed the intervention of the Department of State Services (DSS) in the ongoing dispute between the two parties.
The National Vice President of IPMAN, Hammed Fashola, confirmed that the DSS’s involvement helped resolve several issues affecting marketers.
Fashola added that the new ex-depot price of N995 would allow IPMAN members to sell petrol at rates more competitive with major marketers, although transportation costs could still influence local prices.
The IPMAN national president, Abubakar Maigandi, highlighted the challenges posed by the NNPC’s pricing, which exceeded the cost at which it purchased petrol from Dangote Refinery...
News articles remains the property of the source. Tellbrief is a news aggregator.
