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Controversy Over Reduction Of Petrol To N140 Per Litre


National Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo has clarified that the association decided to reduce the pump price of petrol from N145 to N140 per litre as part of its contribution to ameliorate the suffering of Nigerians travelling to vote during elections.


But the Deputy National President, IPMAN Western Zone, Alhaji Debo Ahmed, said Okoronkwo had no right to direct any member to sell at N140.


Okoronkwo told The Nation on phone that the N140 per litre directive would be carried out by IPMAN members nationwide.


He said the reduction was a sacrifice that would be made by IPMAN members since no amount of sacrifice is much for national peace.


Okoronkwo said: “Everybody must be involved in nation-building. This reduction of fuel price is our own contribution to nation-building, entrench peace and ameliorate the suffering of Nigerians. This is a sacrifice IPMAN members will make for the nation and Nigerians. No amount of sacrifice is too much for peace. The fuel price reduction will help reduce the expenses of Nigerians during this period of elections.


“The reduction will last till March 12 to help reduce transport fares for Nigerians as they travel to vote for their candidates for the presidential, National Assembly, governorship and Houses of Assembly elections. After that date, we will review the price.”


On how the association would monitor its members to ensure compliance, Okoronkwo said: “We have a mechanism of reaching every member and ensuring that all comply.”

Okoronkwo had on February 17, through the Northwest Zonal Chairman of IPMAN, Alhaji Bashir Salisu Tahir in Kano, directed IPMAN members to reduce pump price of petrol from N145 to N140 as part of the association’s contribution towards encouraging voters to participate in the election processes.


However, another IPMAN leader, Sanusi Fari, according to NAN, countered the directive and told IPMAN members to disregard Okoronkwo’s directive on price reduction.


Fari called on members to disregard the national president’s directive on plans to reduce the petrol pump price from N145 to N140. He urged members to sell petrol at the approved pump price of N145.




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