|Andrew Yakubu, NNPC Group MD|
Independent oil marketers have expressed satisfaction with the
decision of the federal government to increase the price of petrol to
N145 per litre.
Maigandi, the Vice President, Independent Marketers Association of
Nigeria (IPMAN), who spoke on behalf of his members commended the
Federal Government on the new pump price of petrol.
Maigandi said on Wednesday in Abuja that the decision would help to put to an end to the persistent petrol scarcity in the country.
“This is a good development; the best that will happen is complete removal of the subsidy.
price they put is a good one, but the best thing is to leave the market
open so that people will decide what they want to sell after
importation,” he said.
He assured that the products would be
available with this development, adding that the association was ready
to continue to support government’s effort.
The Petroleum Products Pricing Regulatory Agency (PPPRA) announced a new pump price of N145 per litre for petrol Wednesday.
statement signed by Mrs Sotonye Iyoyo, the Acting Executive Secretary
of PPPRA, said that the new price would take immediate effect.