The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed that the incoming administration of General Muhammadu Buhari cannot reduce the price of petrol to N40 per litre. The Chairman of IPMAN in Ogun State Adeleke Bada made this disclosure shortly after the association’s Annual General Meeting held in Abeokuta.
He said the ongoing issues in the industry could not make such development realistic while reacting to a recent statement credited to former Minister of Petroleum Resources, Tam David West who said the President-elect, Gen. Buhari would reduce the pump price to N40. He, however said the price could be reversed to N87 per litre if the Federal Government builds refineries in some parts of the country.
Read More: DailyPost
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