IPMAN To Sell Fuel at #200 in Oyo, Osun …..As Queues Return To Major Nigerian Cities

IPMAN To Sell Fuel at #200 in Oyo, Osun

…..As Queues Return To Major Nigerian Cities

Residents of Oyo and Osun States might soon start buying fuel at #200 as the Independent Petroleum Marketers Association of Nigeria (IPMAN) has told reporters in Ibadan that there has been an increment in land costing that necessitated the hike in the price.

IPMAN has said that selling Premium Motor Spirit (PMS) at N180 per liter would no longer be feasible in Oyo and Osun States.

IPMAN Chairman of Ibadan Depot, which covers Oyo and Osun states, Mr. Mutiu Bukola, said this while speaking with newsmen on Wednesday.

A visit by our correspondent to some parts of Ibadan on Wednesday confirmed that petroleum stations in Ibadan were currently witnessing long queues.

Our correspondent learnt that the long queues were as a result of the rumor of scarcity of petrol across the country.

IPMAN has however said that its members would increase the pump price to avoid the long queues in Oyo and Osun.

Bukola explained that it was not possible for members of the association to sell at the old price, adducing to the increment of the landing cost and the cost of transportation.

He said, “We cant buy petroleum in Lagos again. Whatever we see, they are selling for us at the rate of N178 without transport.

“The landing cost is now N195. If we buy at the rate of N178, it will take a minimum of N12 to get to Ibadan. If you add N178 to N12 you will know how much it will be.

“We are struggling to ensure that queues are no more in the petroleum stations.

“But, we will be selling at the rate of N195 to N200 to avoid long queues in Oyo and Osun states.”

Meanwhile, labor leaders in the two States have not reacted to the new development as they promised our reporter to address the issue in their next congresses.