IPMAN blames private depots over hike in fuel price

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The Chairman, Independent Petroleum Marketers of Nigeria, Enugu Depot, Chinedu Anyaso, has blamed the slight increase in the pump price of Premium Motor Spirit on the hike in private depot prices.

Addressing journalists in Awka on Thursday, Anyaso said his members were operating from a disadvantaged position as private depot owners, who sold N165 at their retail outlets increased prices for his members where they sourced products from Warri and Calabar.

He said petrol, which was sold for between N162 and N165 had risen by above N10 per litre at independent marketers outlets. He said, “At the moment, we buy N156 per litre, pay N1.00 loading cost and N6.00 transportation, that means our landing cost is N163.

 

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Dem don start again oh. Soon food items will skyrocket again.

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