IPMAN kick as FG set to increase Petroleum Ex-Depot Price, calls for emergency meeting - SALIENT TIMES ONLINE

IPMAN kick as FG set to increase Petroleum Ex-Depot Price, calls for emergency meeting

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By Aremu Sosanya



The Independent Petroleum Marketers Association of Nigeria (IPMAN) has described the alleged increase of Ex-Depot price of petroleum motor spirit  from 147.67 to 155.75.50 without any consideration for the current economic and political situation of the country as  uncalled for. 


According to IPMAN, the increase is exclusive of Marketers margin, transportation, loading expenses etc. saying, the Government is insensitive to the plight of Marketers and the masses. 

The Petroleum independent marketers therefore, appealed to the federal government to stay action before implementing the new Ex-Depot price announced by the management of the Nigeria National Petroleum Corporation (NNPC).

In a press statement issued late last night in Abeokuta, the Ogun state capital, IPMAN's South West Zonal Chairman, Alhaji Dele Tajudeen said the plea became necessary so as not to provoke the anger of the Nigerian masses who are going through economic hardship.

"We are therefore pleading with Federal Government to shelve the plan increase until further notice to give room for consideration and adjustment. 

"Without any consideration to the stake holders plights, they increased the new regime price which NNPC Management saying it would be effective from tomorrow Friday, 13th 2020" Tajudeen  stressed with concern.

"He declared further that  
IPMAN will  hold emergency meeting with other stakeholders tomorrow to trash out this unbecoming and the arbitrary increase in the Ex-Depot prices". He concluded.