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Home Industries Energy

Fuel Price: Motorists should desist from panic buying – IPMAN

William Ukpe by William Ukpe
November 17, 2020
in Energy, Spotlight
IPMAN, FG inaugurates task force to check fuel consumption in the country, Fuel scarcity  
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced that drivers should desist from panic buying as fuel marketers have enough fuel in Nigeria.

This was disclosed by Alhaji Suleiman Yakubu, IPMAN National Public Relations Officer, who blamed the long queues spotted in some parts of the nation’s capital on panic buying from motorists.

READ: NNPC increases petrol depot price, marketers to sell at N165-N173 per litre

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Fuel scarcity: IPMAN meets NMDPRA, says price to remain N165 per litre at stations

Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim

READ: Presidency questions how many Nigerians have cars, generators, defends fuel price hike

“There is no fuel scarcity, there is enough on ground. People should not fear and do panic buying as there is enough fuel in reserve,” said Yakubu.

READ: SBM Jollof Index reveals how Covid-19 has forced food items to skyrocket

READ: Kaduna Government expects N4billion Galaxy mall project to generate N1.6 billion revenue annually

What you should know 

Nairametrics reported last week that NNPC argued that though there was a slight increase in the price, the correct prices, as can be seen on PPMC’s “Customer Express” platform (online portal for procurement of petroleum products) are: Ex-Coastal Price – N128, and Ex-Depot Price (with collection) – N153.17.

READ: Why onion has become the “new gold” in Nigeria

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