James Ogunnaike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the Southwest region of the country to begin sales of the Premium Motor Spirit (PMS) popularly referred to as petrol at N162 per litre.

The southwest Zonal Chairman of IPMAN, Alhaji ‘Dele Tajudeen in a telephone chat with journalists in Abeokuta, the Ogun state capital, said his members would be left with no other option than to dispense the product at a price of N162.

Tajudeen said, the directive followed the increase in the deport loading price of the product by the federal government, which placed a new price regime of the product at N151. 56k. READ ALSO: IPMAN shelves planned shutdown of filling stations, sells PMS at N150 He explained that since the federal government has decided and puts the price of the product at N151. 56k, IPMAN has no option than to sell at N162 to be able to meet up with the overhead cost.

Tajudeen said IPMAN members would have to make provision for the cost of diesel to run generator that will power the dispensing machines; pay the cost of transporting the fuel from the depot to their respective filling stations and also settle their statutory levies with the appropriate regulatory agencies. That by the time they finish paying all these levies, the cost of discharging fuel at the petroleum filling stations would have shored up to N160, hence dispensing the product at N162 will enable IPMAN members to be able to pay the staff bills and the stations’ gains.

Vanguard

gambia:
Its a welcome development. Some Nigerians must get sense by hunger by force.

tungamaje:
Baba, you wan kill us finish? We no expect am like this o. I want to apologize to everybody I had altercations with when I campaigned for Baba in 2015 because I believed he was our messiah. Please all of you should forgive me

WHITHER NIGERIA?

2015

Fuel =N87
ECA =$2.5bn
Dollar =N200
Bag of rice =N8,500
External debt =$9.7bn
———

2020

Fuel =N150
ECA =$72m
Dollar =N475
Bag of rice =N25,000
External debt =$27bn
———

In the 2015 presidential campaign I warned Nigerians that this would happen if Buhari was elected.

I shouted it on the rooftops morning day and night but the people refused to listen.

Instead they insulted me and rejected Jonathan. Let them continue with their insults and enjoy their plight.

This is a sad testimony and horrendous plight for our country but worse of all is the fact that there is far more to come.

Those of you who supported Buhari in 2015 should clap for yourselves and shout "Sai Baba!"

gambia:


For being sincere, you are forgiven. Many out there are still defending the dullard, 600 years of suffering awaits them.

Built2last:
This change is gradually moving to Transformation.

We must hear word

comshots:
Why is the government preventing DStv and gotv from increasing it subscription tariff plan?
Na both APC and PDP supporters go pay the same price increase for filling station.