JUST IN: IPMAN Says Fuel Price Will Drop To N200 Per Litre

Fuel scarcity: More trouble for Nigerians as IPMAN suspends operations, shuts down ALL filling stations

The Chairman of the Independent Petroleum Marketers Association of Nigeria, Rivers State Chapter, Joseph Obele, has stated that if the country’s refineries are rectified, the price of Premium Motor Spirit, also known as petrol, will fall to N200 per litre.

Obele revealed this in a statement on Friday in response to the skyrocketing petrol prices since the elimination of subsidies in June.

The administration of President Bola Ahmed Tinubu had promised that the Port Harcourt refinery would be operational by December 2023.

When Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), visited the Port Harcourt refinery a week ago, he reaffirmed the government’s commitment.

For the oil marketer, Obele, revitalising Nigeria’s local refineries is the solution to economic challenges occasioned by fuel subsidy removal.

He urged the federal government to match words with actions in reviving the Port Harcourt refinery.

“Until our nation-owned refineries are functional, fuel prices will keep increasing due to international variables. But when our refineries are functional, Nigerians will buy fuel for less than N200 per litre,” he said.

The Genius Media Nigeria recalls that after fuel subsidy removal, the price of fuel jumped to over 600 per litre nationwide.

Stay Connected , follow us on: Facebook: @creebhillsdotcom, Twitter: @creebhillsblog, Instagram: @creebhills, Pinterest: @creebhills Telegram: creebhills

To place an advert/sponsored post on our site, contact us via [email protected]

Previous articleNBA Concert: “I Will File A Lawsuit If Portable Does Not Refund The Money Paid To Him For NBA Concert” – Lawyer Slams Singer Over His Strange Performance
Next articleAMBER RAY embarrassed by her Sierra Leonian ex-boyfriend after revealing she doesn’t shower and loves having SEX inside cars and bushes
I am an experienced blogger and content writer who is passionate about creating engaging and informative written materials. With over eight years of industry experience, I excel in crafting compelling content that captivates readers and adds value. My areas of expertise include news, politics, entertainment, sports, celebrity biographies, and trending topics in Nigeria and beyond. Let's connect via my social media pages below.