No Official Directive to Sell Petrol at N897 per Litre – IPMAN Chairman

Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) for Oyo, Osun States, and environs, Alhaji Bukola Mutiu, has stated that there has been no official directive from the Nigerian National Petroleum Corporation Limited (NNPCL) to peg the price of petrol at ₦897 per litre.

As observed in Abuja, Nigeria’s capital, on Tuesday, some NNPCL retail fuel stations have adjusted their pumps to reflect the price of ₦897 per litre.

He said, “As I speak with you, we have yet to receive an official memo directing independent petroleum marketers to set the price of petrol at ₦897 per litre, although some NNPCL retail fuel stations have already made this adjustment.”

“We are waiting to hear from the NNPCL on the next course of action regarding the new pump price of petrol.

I should also mention that, for some time now, private depots have stopped selling petrol to us,” he added.