The Independent Petroleum Marketers Association of Nigeria has directed its members to sell Premium Motor Spirit (petrol) from N168 to N170 per litre.
The Pipeline and Product Marketing Company (PPMC) had on Thursday, November 12, 2020, released a circular, advising the petroleum marketers to sell petrol within the range of N168 per litre to N170 per litre with effect from Friday, 13th November 2020.
The PPMC gave the advise after a review of the prevailing market fundamentals for the month of November 2020
Chairman of IPMAN Kano branch, comprising Kano, Bauchi, Jigawa and the Katsina States, Bashir Dan-Mallam, announced the directive for sale of PMS from N168 to N170 per litre in Kano on Friday.
According to him, the association heeded the advice for upward review of the pump price of petrol as contained in the PPMC circular.
The PPMC circular dated 11th November 2020 and signed by the EDC, Ali Tijjani R., said the PPMC ex-coastal price is N130 per litre while the ex-deport price is now N155. 17 per litre with effect from 13th November 2020.
“I call on all our members within our members to immediately change the price of their litres from N160 per litre to between N168 and N170 per litre.
“This development came after we received a circular from PPMC, advising us on the upward review of the price after it reviewed the market fundamentals gorgeous the month of November 2020,” Dan-Mallam said.
Dan-Mallam assured members of the public of adequate supply of petrol.
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