South West Markers Set To Increase Pump Price Of Petrol To N180 Per Litre

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The southwest zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday said, it may direct its members in the zone to increase the pump prices of Premium Motor Spirit (P.M.S), as well as the A.G.O popularly called Diesel should the appropriate federal government’s regulatory agency fails to address the continuous non -supply of the products to its members.

The IPMAN Zonal Chairman further disclosed that these private depot owners had, however, decided to take advantage of the non-availability of the products at the government’s depots to jack up the loading price between N157 and N158, “excluding the transportation cost to our various destinations”.

“So, by the time we have to add the cost of transportation with the purchasing amount, this situation implied that we as independent marketers will be left with no other option than to dispense the products for nothing lesser than N175 to N180 for customers in the Lagos to Ibadan axis, while those within the Ogbomoso and Ilorin axis may have to buy at a dispensing pump price of N200 per liter”.

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