By NewsBits
The Independent Petroleum Marketers Association of Nigeria has directed members to suspend all operations across the country. 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 affects 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 association had appealed to the Federal Government for more time to sell Premium Motor Spirits at the official price of N195 per litre, but most filling stations refused to comply as the product operated by IPMAN members in most states continued to sell at between N400 and N450 per liter.
The situation has forced most motorists to park their vehicles opting for commuter and shuttle buses and tricycles as mode of transportation within the cities at cut-throat charges. With the new directive by IPMAN to its members, Nigerians are heading for harder times.
More later ….
