Energy

Many Fuel Stations Closed in Ibadan as IPMAN Announces Hike in Pump Price

Many filling stations in Ibadan were this morning closed as a result of the announcement by the Independent Petroleum Marketers Association of Nigeria, IPMAN, to sell petrol beyond the official pump price of one hundred and forty-three naira

Radio Nigeria correspondent, who monitored the situation within the metropolis, reports that few stations that opened to customers sold the product at one hundred and forty eight naira fifty kobo per litre.

 It was also observed that some major marketers still sold fuel to the public for one hundred and forty three naira, which is the official pump price, though with slight queues.  

Some motorists and commercial drivers, who spoke with radio Nigeria on the new pump price called on Federal Government to intervene in order to relieve the citizens of hardship in this period of covid-19 pandemic

 They explained that the increase in petrol pump price would totally affect the economy and fuel inflation.

However, the Petroleum Products Pricing Regulatory Agency, PPPRA, has not reacted to the unfolding scenario regarding the official price of petrol.
             

Olukemi Akintunde

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