No hike in petrol price for now – Marketers
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Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) say there is no hike in the pump price of Premium Motor Spirit (PMS) or petrol.
The groups confirmed the development in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos while reacting to reports that the price of PMS has been increased to N212.61 per litre.
Currently petrol sells at N162 and N165 per litre at most filling stations across the country.
Mr Clement Isong, the Executive Secretary, MOMAN, told NAN that the association had received communication from the Nigerian National Petroleum Corporation (NNPC) that there should be no price increment for PMS.
Fuel Price: MOMAN, DAPPMAN want full deregulation, forex access
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By Sebastine Obasi
Major Oil Marketers Association of Nigeria, MOMAN and Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, last weekend, called for full deregulation and unfettered access to foreign exchange, FOREX, from the Central Bank of Nigeria to enable them petrol available to every nook and cranny of the country.
This is coming on the heels of the N5 per litre slash in the price of petrol scheduled to take effect from today, Monday, December 14, 2020.
Chairman DAPPMAN, Mrs. Winifred Akpani, said; “the inability to source FOREX from the official CBN FOREX window by independent marketers is continually hindering the effectiveness of the principles of demand and supply market forces to correct the current inefficiencies in the pricing mechanisms adopted in the deregulation process.”