IPMAN predicts crash of petrol pump price over arrival of vessels
Independent Petroleum Marketers Association of Nigeria, (IPMAN), has said that the pump price of Premium Motor Spirit, known as petrol, may drop in the coming days following the availability of the products as a result of the massive imports of PMS by the Nigerian National Petroleum Company.
Ukadike Chinedu, the National Public Relations officer of IPMAN, disclosed this on Saturday.
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“Once the products start hitting filling stations, fuel price will reduce because the recent high cost was due to supply drop,” he said.
The development comes as the Nigerian Port Authority confirmed that 18 ships with fuel and other items had arrived at Lagos port.
Two days ago, IPMAN and NNPCL clashed over the reason for the re-emergence of fuel queues in some parts of the country, including Abuja, Nasarawa and Niger.
While IPMAN blamed the scarcity on fuel supply shortage, NNPCL said it is due to a ‘price war’.
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Please leave any comments or questions in the area given below.
DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
