The Independent Petroleum Marketers
Association of Nigeria, Kano branch has directed its members across the state
to sell Premium Motor Spirit (petrol) from N168 to N170 per litre.
The Pipeline and Product Marketing
Company (PPMC) had on Thursday, November 12, 2020, released a circular,
advising the petroleum marketers to sell petrol within the range of N168 per litre
to N170 per litre after a review of the prevailing market fundamentals for the
month of November 2020 with effect from Friday, 13th November 2020.
However, the Chairman of IPMAN Kano
branch, comprising Kano, Bauchi, Jigawa and the Katsina States, Bashir
Dan-Mallam, gave the directive while addressing newsmen in Kano on Friday.
According to him, the association
heeded to PPMC advice for the upward review of the pump price of petrol as
contained in the circular.
The circular dated 11th November 2020
signed by EDC, Ali Tijjani R., said the PPMC ex-coastal price is N130 per litre
while the ex-deport price is now N155. 17 per litre with effect from 13th
November 2020.
“I call on all our members within our
branch to immediately change the price of their litres from N160 per litre to
between N168 and N170 per litre.
”This development came after we
received a circular from PPMC, advising us on the upward review of the price
after it reviewed the market fundamentals gorgeous the month of November 2020.
He assured the public of the
association’s commitment to ensure steady fuel supply across the state and
beyond.
