The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has directed its members to sell fuel at N150 per litre.

The directive was contained in a statement by the IPMAN Chairman of Kano chapter, Bashir Danmallam.

Danmallam said the directive follows the new price modulation announced by the Petroleum Products Marketing Company (PPMC).

“I have accordingly, instructed our members in Kano to comply, by selling the product at N150 per litre,” he said.

According to him, the directive was also in compliance with the government’s earlier statement that it would review upward or downward the price of the commodity on monthly basis, depending on the price at the international market.

Recall that the PPMC had in a memo signed by its Manager Sales, Mohammed Bello on Tuesday, August 4, fixed the depot price of premium motor spirit, known as petrol at N138. 62 per litre.

“Please be informed that the Management has approved ex-depot price of petroleum products including Premium motor spirit (petrol) at N138. 62 per litre,” the memo stated.

The Kano IPMAN boss said the private depots had also increased their price as they would sell the commodity to their members at N139. 5 per litre

He asked all members under his jurisdiction to comply with the new price regime by making sure no one sells above the approved price of N150 per litre.

Danmallam assured the public of availability of the petroleum products at all times.

"Exciting news! TheNigeriaLawyer is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest legal insights!" Click here! .......................................................................................................................
131
Created on
The NBA Administration led by Y. C Maikyau, SAN.

In Your Opinion, Has Y. C Maikyau, SAN, Demonstrated Strong Leadership Qualities As The NBA President?

Min votes count should be 1
Unauthorized use and/or duplication of this material and other digital content on this website, in whole or in part, without express and written permission from TheNigeriaLawyer, is strictly prohibited _________________________________________________________________

School Of Alternative Dispute Resolution Launches Affiliate Program To Expand Reach

For more information about the Certificate in ADR Skills Training and the affiliate marketing program, visit www.schoolofadr.com, email info@schoolofadr.com, or call +2348053834850 or +2348034343955. _________________________________________________________________

NIALS' Compendia Series: Your One-Stop Solution For Navigating Nigerian Laws (2004-2023)

Email: info@nials.edu.ng, tugomak@yahoo.co.uk, Contact: For Inquiry and information, kindly contact, NIALS Director of Marketing: +2348074128732, +2348100363602.