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IPMAN says some fuel importers are selling imported petrol for about N1,350 per litre, which is much higher than Dangote Refinery’s priceThe association argues that the Federal Government’s fuel import licence policy has failed to increase competition and lower petrol prices.IPMAN wants the government to continue selling crude oil to Dangote in naira and review the import licence policy to help stabilise fuel prices
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticised the pricing of imported petrol by major marketers, arguing that the Federal Government’s import licence policy is failing to achieve its goal of promoting competition and lowering fuel prices.
IPMAN’s National Publicity Secretary, Chinedu Ukadike, alleged that some importers, including AA Rano and Matrix, are selling imported Premium Motor Spirit (PMS) for about N1,350 per litre, far above the prices offered by
