Fuel Price: Motorists should desist from panic buying – IPMAN

IPMAN has advised motorists and other users of petrol to desist from panic buying as there is enough of the product in the country.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced that drivers should desist from panic buying as fuel marketers have enough fuel in Nigeria.

This was disclosed by Alhaji Suleiman Yakubu, IPMAN National Public Relations Officer, who blamed the long queues spotted in some parts of the nation’s capital on panic buying from motorists.

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“There is no fuel scarcity, there is enough on ground. People should not fear and do panic buying as there is enough fuel in reserve,” said Yakubu.

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What you should know

Nairametrics reported last week that NNPC argued that though there was a slight increase in the price, the correct prices, as can be seen on PPMC’s “Customer Express” platform (online portal for procurement of petroleum products) are: Ex-Coastal Price – N128, and Ex-Depot Price (with collection) – N153.17.

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