The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that its members are still selling Premium Motor Spirit, also known as petrol, at N196 per litre, despite the removal of fuel subsidy announced by President Bola Tinubu in his inaugural speech on May 29, 2023.

During an appearance on Channels Television's Sunrise Daily programme on Wednesday, IPMAN's National Public Relations Officer, Yakubu Suleiman, emphasized that the association had advised its members not to panic and to continue selling the product at the appropriate pricing at their filling stations.

Suleiman stressed that virtually all the stations were selling petrol at the appropriate pricing.

When asked about the "appropriate pricing," he mentioned that some stations were selling at N195 per litre, while others were selling at N196 per litre.

When further questioned if the price range should not exceed N195 and N196 per litre, the IPMAN executive responded, "Of course, that is the stipulated and normal price that filling stations used to sell even before the announcement made by Mr President the day before yesterday."

Suleiman cautioned Nigerians against panic buying and stated that the absence of subsidy payments would take effect in July, not June.

He revealed that IPMAN had deployed a Task Force team across the country to enforce the N196 per litre price. Around 100 retail outlets had already been sanctioned and shut down for selling at exorbitant prices and exploiting Nigerians. Suleiman clarified that retail outlets selling petrol beyond the appropriate price were not members of IPMAN.

"We have a task force that visits all the filling stations in the country. I want to assure you that they are actively working, and any filling station caught increasing the price just because of this announcement will face penalties. I want to assure Nigerians not to panic," emphasized the IPMAN spokesman.

https://www.nigeriainfo.fm/news/homepagelagos/petrol-is-n196-per-litre-despite-fuel-subsidy-removal-ipman/

LOL.... TYPICAL APC TALK

Hypeman abi Ipman, what are you people saying Sef?? Your words are not matching your actions............you say it's 196 but we are seeing 500+ everywhere!! Are you People Ok??

Another confusion corrupt Govt loading... But E no go last sha

And greedy retailers were selling from 500 to 700 hundred naira per liter and the govt that claim to love Nigerians did or says nothing as Nigerians emptied their account for fuel price increase.
Reason why many opted for Peter obi.

This people are on steady drugs.. they act like they're not aware of the happenings in the country and yet. Issue nonsense statements

Shay you dey whine me nii

what is going on?

Wahala , confusion na WA part 4

Why is it that our government and any other their agencies love lieing just to cause more pain to Nigerians

I wan check my mafia sensor and 02 sensor. I can't be buying 2k5 fuel every 2days and be doing 20kph minus AC. 2hat nonsense. Last time I got at 195 was on Tuesday morning. Yesterday na 500.today now I cant guarantee.

This man is high on drugs and ogogoro.