The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed her members to start the sales of Petrol at N170 as against the old price if N160-162 per litre.
According to IPMAN, the directive to marketers to sell the Premium Motor Spirit (PMS) for N170 per litre, follows PPMC’s increase of ex-depot price of petrol from N146 to N152.
“The PPPMC last midnight told us that the ex-depot price is now N155. 17 per litre. We have directed our marketers to sell for N170 per litre,” IPMAN National Vice President, Alhaji Abubakar Maigandi said.
Alhaji Maigandi also noted that the price will still depend on the forces of demand and supply.