All members of the Independent Petroleum Marketers Association of Nigeria have been directed to suspend all operations across the country. Punch reported that the order was given in a statement signed on Tuesday by chairman of the association, Mohammed Kuluwu. The marketers were also ordered to suspend payment of ordering products from source until further notice. The association said the decision followed, “the critical situation as it affect our sourcing and selling of product at lost and the action of the authority to impose the selling of product at a lost price on our side.” IPMAN had earlier appealed to the Federal Government for more time to sell Premium Motor Spirits at the official price of N195 per litre.
Details later…
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