Fuel Price Hike: Stop Panic Buying, IPMAN Urges Nigerians

Fuel Price Hike Stop Panic Buying, IPMAN Urges Nigerians
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Petroleum marketers under the auspices of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned Nigerians against the habit of panic buying and stocking Premium Motor Spirit, popularly known as petrol anytime they suspect and imminent price increment.

The National Public Relations Officer of the association Alhaji Suleiman Yakubu gave the advice in an interview with the News Agency of Nigeria (NAN) monitored by our correspondent in Abuja on Sunday.

Yakubu was responding to questions with regards to the long fuel queues witnessed at some filling stations in Abuja and other parts of the country.

Read Also: Petrol Price Increase Imminent As landing Cost Jumps To ₦186

He lamented the panic purchases and long queues witnessed in various filling stations across the nation’s federal capital stating that the development is ugly and uncalled for.

Speaking further, Yakubu however admitted that crude oil price has gone up and it has affected the price of products and except subsidy is recalled, the officially be going up soon.

He assured Nigerians that a normal supply of petroleum products would soon be restored since loading has commenced at various deports.

‘We want to assure the buyers that government and marketers are doing everything possible to ensure that the products are available in every filling station within a few days starting from today,’ said the IPMAN spokesman.

Some motorists in the Abuja metropolis have expressed disappointment over the development urged filling stations that have fuel to sell and stop hoarding them.

 

AFRICA DAILY NEWS, NEW YORK

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