Revival of Nigerian refineries will reduce fuel prices – IPMAN

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the revival of Nigeria’s refineries — the Port Harcourt, Warri and Kaduna refineries — volition trim substance prices.

The spokesperson of IPMAN, Chinedu Ukadike, disclosed this successful an interrogation with DAILY POST.

His comments came amid the ongoing statement implicit substance subsidy pursuing a connection for its instrumentality by Atiku Abubakar, the statesmanlike campaigner of the African Democratic Congress, ADC.

According to Ukadike, the champion solution to reducing substance prices, which presently basal betwixt N1,230 and N1,299 per litre successful Abuja, is the revival of Nigeria’s refineries.

“The restoration of each the refineries that are moving successful Nigeria. The restoration and revival of each the pipelines. The restoration and revival of the 21 depots successful Nigeria.

“Whether we region subsidy oregon not does not originate due to the fact that contention volition calm down the terms volatility and trim prices drastically,” helium told DAILY POST.

DAILY POST reports that July’s manufacture information from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, showed that Nigeria’s 3 refineries were not functio...