The Independent Petroleum Marketers Association of Nigeria, Kano State chapter, has directed its members to sell fuel at N150 per litre.
The directive was contained in a statement by IPMAN chairman in the state, Bashir Danmallam, a copy of which was made available to our correspondent in Kano on Wednesday.
He said the directive followed the new price modulation announced by the Petroleum Products Marketing Company.
“I have accordingly, instructed our members in Kano to comply, by selling the product at N150 per litre,” Danmallam said.
According to him, the directive was also in compliance with the government’s earlier statement that it would review the price of the commodity on a monthly basis depending on the price at the International market.
The PPMC had in a memo signed by its Sales Manager, Mohammed Bello, on Tuesday, August 4, 2020, fixed the depot price of petrol at N138. 62 per litre.
Similarly, he said the private depots had also increased their price as they would sell the commodity to their members at N139. 5 per litre.
He asked all members under his jurisdiction to comply with the new price regime by making sure no one sells above the approved ceiling of N150 per litre.
Danmalam assured the public of the availability of the petroleum products at all times.