IPMAN To Raise Petrol Price In South West Over Cut In Product Supply

Filling stations operated by members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the south west region are to jerk up their pump price of petrol.

South west chairman of IPMAN, Alhaji Dele Tajudeen addressing newsmen in Lagos on Tuesday, said the pump price was to be raised from the official price of N175 per litre to between N195 and N210.

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According to him, the pump price will range from N195 to N200 per litre in Lagos, Ogun, Oyo and Osun States, as well as N210 in Ondo, Osun and Ekiti States.

He explained that all NNPC depots in the south west region, have no product, forcing IPMAN members to depend on private depots who are selling at ex-depot price of N178 per litre, instead of the approved N148.17.

According to the IPMAN Chairman, they have to raise the pump price in order to remain in business.

Already, motorists in Lagos State since last weekend had been contending with an acute shortage of petrol, as most of the filling stations shut their gates to motorists.