IPMAN warn against arbitrary increase in fuel price, threaten sanction against members

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warn its members in Bayelsa and other States of the Niger Delta against arbitrary increase in the price of the Premium Motor Spirit (PMS) popularly referred to as petrol.

The Independent Petroleum Marketers Association of Nigeria, IPMAN, in a statement issued at the weekend in Yenagoa by the Chairman in Bayelsa , Hon. Bello Bina, said the noticeable arbitrary increase from N163 to N203 in some filling stations in the state capital is a gross abuse of the rights of the people and criminal.

Hon. Bello Bina, who said the IPMAN has not received any official communication on the purported fuel price increase, directing its members and the residents of the state to ignore any the price hike.

Hon. Bina also directed his members to continue selling the litre at the same N163, insisting that whenever there is fuel increment in the country, critical stakeholders will always inform the IPMAN leadership. He, therefore, urged the general public not to panic as the association has no intention to inflict hardship on the people.

He also announced that the IPMAN in Bayelsa will set up a monitoring team to visit some accused petrol stations in Yenagoa to gather evidence of allege hoarding and illegal sale of fuel at outrageous prices, ”the report will form evidence against the management of such petrol stations”

He assured the residents of the state not to panic as the supplies being made by the NNPC is enough to feed the state and avoid panic buying..

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