- The pump price of petrol has been increased to N150 per litre in Kano state
- The new price was announced by the Independent Petroleum Marketers Association of Nigeria, Kano chapter
- The Kano chapter of IPMAN said the directive follows the new price modulation allegedly announced by the Petroleum Products Marketing Company
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For residents of Kano state, the pump price of petrol is now N150 per litre, according to a new directive by the leadership of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the state.
The Nation reports that the directive was contained in a statement by the Kano state chapter of IPMAN, Bashir Danmallam.
Legit.ng gathers that Danmallam said the directive follows the new price modulation allegedly announced by the Petroleum Products Marketing Company (PPMC).
“I have accordingly, instructed our members in Kano to comply, by selling the product at N150 per litre,” the IPMAN chairman was quoted to have said.
He also explained that the directive was in compliance with the government’s earlier statement that it would review the upward or downward price of the commodity on a monthly basis, depending on the price at the international market.
The Kano IPMAN chairman said the private depots had also increased their price as they would sell the commodity to their members at N139.5 per litre
He asked all members under his jurisdiction to comply with the new price regime by making sure no one sells above the approved price of N150 per litre.
He assured the public of the availability of the petroleum products at all times.
However, other states have not announced a new increase in the price of petrol.
Earlier, Legit.ng reported that there were indications that Nigerians might have to pay more for petroleum products very soon, amid the harsh economic effects of the coronavirus pandemic.
This was as the Petroleum Products Pricing Regulatory Agency (PPPRA) approved the increase in petrol ex-depot price per litre from N132 to N138.
This decision by PPPRA was confirmed on Tuesday, August 4, by the national vice president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi.
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