Marketers Excited About New Petrol Price

Andrew Yakubu, NNPC Group MD

 Independent oil marketers have expressed satisfaction with the decision of the federal government to increase the price of petrol to N145 per litre.

Alhaji Abubakar Maigandi, the Vice President, Independent Marketers Association of Nigeria (IPMAN), who spoke on behalf of his members commended the Federal Government on the new pump price of petrol.

 Maigandi said on Wednesday in Abuja that the decision would help to put to an end to the persistent petrol scarcity in the country.

“This is a good development; the best that will happen is complete removal of the subsidy.
“The price they put is a good one, but the best thing is to leave the market open so that people will decide what they want to sell after importation,” he said.

He assured that the products would be available with this development, adding that the association was ready to continue to support government’s effort.

The Petroleum Products Pricing Regulatory Agency (PPPRA) announced a new pump price of N145 per litre for petrol Wednesday.
 A statement signed by Mrs Sotonye Iyoyo, the Acting Executive Secretary of PPPRA, said that the new price would take immediate effect.