‘Petrol sales will not stop’ — IPMAN assures Nigerians

The Financial Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Musa Yahaya Mai Kifi, has dismissed reports suggesting that petrol income successful Nigeria volition beryllium halted, describing the assertion arsenic mendacious and taken retired of context.

Speaking successful an interrogation with DAILY POST, Mai Kifi said, “The assertion that petrol income volition halt is not true, that is not an close mentation of what was said, we person moved beyond a strategy wherever the authorities fixes petrol prices.

“The existent statement gives each marketer the accidental to bargain petrol from anyplace successful the world, they tin bring it into Nigeria for merchantability oregon instrumentality it to immoderate different country, conscionable arsenic Dangote Refinery is presently exporting petroleum products, including to the United States.”

On the proviso of Nigerian crude lipid to the Dangote Refinery, the IPMAN authoritative projected a structured pricing statement to guarantee stableness crossed the proviso chain.

“The solution is that if Dangote is to person Nigeria’s crude oil, determination should beryllium an agreement. If we proviso the crude astatine a definite price, Dangote should merchantability refined products astatine an agreed price, and marketers who bargain from the refinery should besides se...