The Independent Marketers Association of Nigeria (IPMAN), has hailed the Federal Government on the removal of subsidy from the petrol sector.
IPMAN Vice President, Alhaji Abubakar Maigandi, told newsmen on Wednesday in Abuja that the development would help to put an end to the persistent petrol scarcity in the country.
As stated by him, “This is a good development; the best that will happen is complete removal of the subsidy.
“The 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 stated.
He assured that the products would be available with this development, adding that the association was ready to
continue to support government’s effort.
Meanwhile, in a statement signed by Mrs Sotonye Iyoyo, the Acting Executive Secretary of PPPRA, she stated that the new price would take immediate effect.
“In furtherance of its mandate to ensure the efficient supply and distribution of petroleum products, PPPRA hereby announces, effective immediately, that the new price band for PMS shall be at a maximum of N145 per litre.
“However, NNPC retail stations on the outskirts of major cities are advised to sell at price lower than N145 per litre,” she stated.
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