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PMS price Reduction: Noncompliance in Ibadan as IPMAN Chairman issues refutal.

Contrary to reports in the media yesterday as to the instruction by the Independent Petroleum marketers Association of Nigeria directing marketers to reduce the pump price of petrol to #140 from the usual #145, filling stations in the city of Ibadan are still selling the pump price at the rate of #145.
It will be recalled that reports emanated yesterday from the umbrella body of petroleum marketer IPMAN directing its member to reduce the fuel price by #5 following the postponement of the February 16th presidential and National Assembly election.
This was in a bid to alleviate the suffering of motorist and commuters who would have to move from one place to another in a bid to exercise their franchise.
Our reporter who went round some areas in the city of Ibadan noted that the usual pump price of petrol of #145 was still being applied by marketers. When our reporter sought to know why this directive was not observed, some of the marketer noted that they did not receive any directive to the effect. They denied being aware of the information nay the instruction to reduce the pump price.
Meanwhile, in a new development, the National Chairman of IPMAN Alhaji ABK Aliyu has urged Nigerians and marketers to disregard the directives to reduce the pump price of petrol, saying the directive did not emanate from the Association.
He made this known while speaking with newsmen. According to him, the statement did not emanate from the Association, noting that some people used the union’s logo to issue unauthorized statements. He further noted that the association does not have the powers to reduce the pump price of petroleum products.
He therefore appealed to members of the public and petroleum marketers to disregard the instruction.

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