Fuel price reduction: Nigerian petrol marketers threaten nationwide shutdown

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has threatened to unopen down their filling stations nationwide implicit terms power unit by the national government.
The spokesperson of IPMAN, Chinedu Ukadike, made this known successful a caller interrogation with DAILY POST.

Recall that the curate of petroleum resources (oil), Heineken Olokpobiri, had called connected the Nigerian Midstream and Downstream Petroleum Regulatory Authority to clamp down connected petroleum merchandise marketers exploiting substance consumers.

Earlier, the Federal Competition and Consumer Protection Commission had ordered and besides expressed akin concerns connected Sunday successful a statement, informing substance marketers against exploitative petrol prices.

The presumption by Nigerian authorities authorities comes arsenic Brent and West Texas Intermediate autumn to $72 and 69 per barrel, up from implicit $100 per tube owed to Iran, United States-Israel struggle easing.

However, substance prices successful Nigeria stay precocious contempt the caller petrol terms simplification by the Dangote refinery and filling station.

In Abuja, for instance, substance is presently sold betwixt N1210 and N1300 per liter successful astir filling stations.

But th...