Fuel Supply Stable, Avoid Panic Buying – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised Nigerians to refrain from panic buying because the nation has an adequate supply of fuel.

This was said on Sunday in Abuja by IPMAN Publicity Secretary Mr Ukadike Chinedu.

He praised the Dangote Petroleum Refinery for bringing down the price of its gasoline, or Premium Motor Spirit (PMS), to N899.50k per liter.

Read Also: Dangote Slashes PMS Price for Holiday Relief

Ahead of the Yuletide holidays, he claimed that the gesture will assist Nigerians in lowering their transportation expenses.

” You see, that is the beauty of deregulation. Prices are determined by market forces.

” With the Dangote and Federal Government refineries by the corner,  this will bring competitive prices,” Chinedu said.

To draw in more clients, he advised all IPMAN members to modify their pumps to the new pump price.

“We have started ordering on the new price,  and even some of our members have already started adjusting their pumps lower to be able to have faster sales.

“If your price is higher, nobody will buy from you.

“You will even find out now that those queues that you normally see in NNPC filling stations have all reduced because most marketers are almost selling the same thing with them,” he said.

Manomsi Mallum/NAN