Independent Petroleum Marketers Association of Nigeria (IPMAN) Ilorin branch said yesterday that the price of petroleum products may crash next week.
The Chairman of IPMAN, Alhaji Sulaiman O. Olanrewaju, made this known in Ilorin during an emergency meeting of the association on the factional crisis rocking it for sometimes now.
According to Olanrewaju, failure of members to dispose the available products my lead to loss as they are not sure of how much the product will fall to even as they applaud government’s effort to revive all petroleum depots in the country.
“Price of petroleum products may crash next week from the information we gathered and we want to urge our members to sell out the products they buy at high prices to avoid loss. We are also glad to tell you that the products will be available in Ilorin soon,” Olanrewaju said
He further lamented that they cannot sell the product they bought at N96 for N87 adding that with information available to them, the price of petrol will soon go back to N87 in Ilorin as most feeling stations sell above the N87.