More trouble looms for Nigerians as the Independent Petroleum Marketers Association of Nigeria has rejected the ex-depot price of Premium Motor Spirit by the Nigerian National Petroleum Company Limited.
The marketers with over 70 percent of filling stations in Nigeria threatened that they will stop operation if NNPCL refuses to back down on its new petrol ex-depot price of N1,010 per liter.
The spokesperson of IPMAN, Chinedu Ukadike disclosed this to DAILY POST in an interview on Friday morning.
His comments come as NNPCL on Wednesday announced a fresh price hike across its retail outlets nationwide to between N998 and N1,030 in Abuja and Lagos State.
The state-owned company also announced between N1,040 to N1,010 as the per liter prices they will sell to marketers.
Reacting, Ukadike said the ex-depot petrol prices announced by NNPCL showed that the company is poised to inflict continued suffering on Nigerians.
He stressed that IPMAN members will not accept a petrol price higher than what NNPCL sells at its retail outlets.
According to him, the action of NNPCL cannot be termed as deregulation