Business News

Petrol price increase: We’ll stop supplying fuel, says IPMAN Southwest.

The Independent Petroleum Marketers Association of Nigeria, South West, has threatened to stop loading petroleum products in all depots in the region in protest against the recent increase in the price of petrol.

The Petroleum Products Pricing Regulatory Agency had on July 1 announced a new price band of N140.80 to N143.80 per litre of petrol, up from N121.50 to N123.50.

The Zonal Chairman, IPMAN, Southwest, Dele Tajudeen, said on Sunday that the price hike came as a surprise to the association, adding that the PPPRA did not engage marketers before taking the decision.

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