UPDATED: IPMAN directs members to suspend operations, shut ALL filling stations

Our reporter/ The Bornu state Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday directed members to suspend all operations across the state.

According to a statement its chairman, Mohammed Kuluwu, IPMAN directed the marketers to also to suspend payment of ordering products from source until further notice.

The association said the decision followed, “the critical situation as it affect our sourcing and selling of product at lost and the action of the authority to impose the selling of product at a lost price on our side”.

IPMAN had said regulatory agencies enforced the pump price of petrol at N195 per litre at all filling stations across the country.

On Monday, the association’s western zone branch asked for more time from the federal government to sell its current petrol stock before conforming to the official price.

In a related development, transport groups, under the aegis of the coalition of transporters, had threatened to picket the headquarters of the Nigeria National Petroleum Company (NNPC) Limited as a result of the lingering petrol scarcity which has also led to high pump prices.

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