Days after its announcement, IPMAN is yet to sell petrol at N140

Average Petrol prices

Contrary to a directive from the national president of Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okworonkwo, for oil marketers to sell petrol at N140 per litre, members of the association have refused to sell their products for the given amount.

According to a report, the oil marketers have refused to comply with their leadership, as petrol product currently sells N143 and N145 per litre.

In view of this development, HRH Obafemi Ogbaro, the Caretaker Chairman of IPMAN Western Zone, has appealed to members to comply with the directive. He made the appeal after the chapter’s executives meeting in Lagos.

Ogbaro said

“My attention has been drawn to a purported press statement credited to a marketer in Mosinmi depot who was a former vice chairman of IPMAN western zone denouncing the directive of our IPMAN National President, Elder Chinedu Okoronkwo, to our patriotic members to sell petrol to the general public at N140 per litre.”

Why IPMAN reduced petrol price

According to a statement by IPMAN made available to newsmen, the body had approved the new price in a bid to motivate Nigerians to vote in the coming election.

Ogbaro said the association took the decision to ameliorate the suffering of the masses because of the rescheduled elections, adding that IPMAN members as a responsible association felt the pains Nigerians suffered for travelling to various destinations to perform their civic duties of voting the candidates of their choice in the Presidential, National Assembly, Governorship and State Assembly elections which was rescheduled to February 23, 2019 and  March 9, 2019 respectively.

Ogbaro added that the group shared in the pains of Nigerians hence the sacrifice in this trying period to agree to a N5 per litre reduction.

“This will eat into our members’ profit but we have to give back to the society as part of our Corporate Social Responsibility,” he stressed.

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Damilare Famuyiwa: Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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