The Independent Petroleum Marketers Association of Nigeria, IPMAN, has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency, PPPRA.
The National Public Relations Officer of IPMAN, Suleiman Yakubu, said this during an interview with reporters on Wednesday in Abuja.
Yakubu, who was while reacting to the new ex-depot rate of N138.62 per litre from the previous N132.62 per litre, said that the IPMAN would brief its members as soon as it received the directive from PPPRA.
Reports have it that NNPC and Petroleum Products Marketing Company, PPMC, had fixed the ex-depot price of premium motor spirit known as petrol, at N138.62 per litre.
The PPMC Manager, Sales, Mohammed Bello, had disclosed the new price in a statement in Abuja on Tuesday.
Bello said that that the new price would come into effect from August 5.
It was reported that the ex-depot price is the price at which depot owners sell the commodity to retail outlets.
Yakubu advised marketers to sell at the old rate, pending when PPPRA would announce its monthly pricing modulation for the product.
A survey conducted by reporters on Wednesday in Abuja indicated that major marketers at Wuse, Gwarimpa, Maitama, and Wuye had not adjusted their pumps to reflect the new price.
The PPPRA had, in the last four months, adjusted its ex-depot price thrice.
