Tag Archives: 40 Naira

Petrol Price Can Be N40 Per Litre, Says Independent Petroleum Marketers Association Of Nigeria

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The Independent Petroleum Marketers Association of Nigeria, has agreed with the former Minister of Petroleum, Prof. Tam David-West, that petroleum pump price can sell for N40 per litre.

Chairman, Independent Petroleum Marketers Association of Nigeria, Mosimi, Ogun State, Adeleke Bada said this in an interview with journalists shortly after the association’s Annual General Meeting in Abeokuta, the state capital.

He said that he feat would be possible if only all the refineries in the country are revamped. He blamed the non-compliance of sale of petrol at the N87 per litre by some petroleum marketers on the expenses incurred by the marketers while trying to get the fuel available for the use of the masses.

Read More: Punch

Buhari Cannot Reduce Fuel Price To N40 Per Litre- IPMAN

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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