Kano IPMAN directs members to sell petrol at N170 per liter

Date:

By Muhammad Nur Tijani

Thank you for reading this post, don't forget to subscribe!

Kano, Nov. 13, 2020 The Kano zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at N170 a litre, an increase of N10 per litre from the price of N160 per litre..

Bashir Dan-Mallam, Chairman of the IPMAN zone comprising Kano, Bauchi, Jigawa and Katsina States, announced the directive at a news conference on Friday in Kano.

“I call on all our members within our branch to immediately change the price of petrol from N160 per litre to between N168 and N170 per litre.

“This development came after we received a circular from the Pipelines and Products Marketing Company (PPMC), advising us on the upward review of the price after it reviewed the market fundamentals for the month of November 2020,’’ he said.

Dan-Mallam assured the public of the association’s commitment to ensure steady fuel supply across the states and beyond.

PPMC is one of the regulators in the downstream sector of the oil industry responsible for distribution of petroleum products.

It issued a circular on Thursday, Nov. 12, advising petroleum marketers to sell petrol between N168 per litre and N170 per litre “ with effect from Friday, Nov.13 after a review of the prevailing market fundamentals for the month of November 2020.

The circular, dated Nov. 11, and signed by Ali Tijjani, PPMC’S Executive Director, Commercials, said the PPMC ex-coastal price of petrol stood at N130 per litre, while the ex-deport price stood at N155. 17.

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

“FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison for Fraud”

FTX founder Sam Bankman-Fried received a 25-year prison sentence...

Nigeria’s Access Holding eyes $1.5 bln share or bond sale

ABUJA, March 28 - Nigeria's Access Holding Plc (ACCESSCORP.LG),...

“AfDB Invests $75 Million in Indorama for Fertilizer Expansion”

The African Development Bank has inked a $75 million...

“Zack Orji survived two brain surgeries” – Emeka Rollas gives update

March 28, 2024. Azonuchechi Chukwu. The national president of the Actors...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading