By Nneka Nwogwugwu
Independent Petroleum Marketers Association of Nigeria, (IPMAN) has urged Nigerians to prepare for possible increase in petrol pump price to N195 per litre.
The association explained that inconsistencies on the part of the Federal Government, Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipeline and Products Marketing Company (PPMC) on deregulation policy are responsible.
NNPC had last week ruled out immediate price rise until a scheduled meeting between the Federal Government and labour unions at the end of the month.
Chief Executive Officer of Kankada Oil and Gas Nigeria Limited, Danasabe Kakanda, who spoke to the Vanguard accused the government of giving the private depot owners edge over independent marketers.
He said: “With the inconsistencies of government, Nigerians should expect the price of fuel to be between N190 to N195”.
