Financial Energy Review
The Borno State chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to suspend their services at their various filling stations.
IPMAN appears to be making good on its earlier threat to consider shutting down filling stations this week if the Federal Government goes ahead to enforce the N195 per litre price for petrol.
According to a letter signed today by the State Chairman Alhaji Mohammed Kuluwu all members of the Association has been ordered to suspend the payment of ordering products from the source until further notice.
The association in the statement 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”.
It is not yet clear if the oil marketers will rescind their decision as it earlier did when the report was making its rounds.
