Fuel to Sell For N140 Before General Elections

petrol Oil
  • Fuel to Sell For N140 Before General Elections

In an effort to encourage voters to participate in the general elections, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members across the country to reduce pump price from N145 a litre to N140.

Chinedu Okworonkwo, the National President of the association, who disclosed this in a statement signed by Bashir Dan-Malam, the chairman of the association, said the price reduction would be effective for just five days, between February 20 and February 25.

According to him: “IPMAN was prompted to slash N5 from the N145 per litre official Petroleum pump price in a bid to motivate Nigerians to return to vote again on February 23,” the statement read.

“We urge all our members across Nigeria to immediately reduce the fuel pump price from N145 per litre to N140 per litre.”

“This is because of the political situation that hit the country after INEC suddenly announced the postponement of presidential and National Assembly elections after Nigerians were fully prepared.

“We are all aware how Nigerians travelled to different parts of the country in order to exercise their civic duty; unfortunately, they heard a sad news of postponement of the polls.”

“This made us deem it fit to reduce the pump price in order to ease their suffering, and to also motivate them to travel again to exercise their franchise on February 23.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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