Breaking: IPMAN Directs Members To Suspend Operations, Shut Filling Stations

JomogNews Nigeria reports that oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have directed its members to suspend all operations across the country.

IPMAN appears to be making good on its earlier threat to consider shutting down filling stations this week if the Federal Government goes ahead to enforce the N195 per litre price for petrol.

In a statement signed on Tuesday by chairman of the association, Mohammed Kuluwu, the marketers were also ordered to suspend payment of ordering products from source until further notice.

The association said the decision followed, “the critical situation as it affect our sourcing and selling of product at lost and the action of the authority to impose the selling of product at a lost price on our side.”

The PUNCH had earlier reported that the association had appealed to the Federal Government for more time to sell Premium Motor Spirits at the official price of N195 per litre.

Details later…