Business
IPMAN, South-East residents kick over hike in petrol price
By Adeleye Kunle
There is disguiet in the entire South-East zone and other areas under the Enugu depot of the Nigeria National Petroleum Corporation, NNPC, following the sudden increase in the pump price of petroleum products.
Track News observed that from N185 per litre, the commodity is now sold at N200 and above, with many petrol stations under lock and key.
The development is already adding to the sufferings of the people, with astronomical increases in the prices of goods and services.
Reacting, the Independent Petroleum Marketers Association of Nigeria (IPMAN), threatened to withdraw their services.
They lamented that the private depots are the cause of the hike in the price, stressing that they are buying from them at the cost of N185 per liter, adding that after other expenses the price would rise to N200 per litre.
They regretted that even at N200 per liter, their business could not thrive considering the high cost of diesel to power the station and the exploitation from private tank depot owners and NUPENG.
The group appealed to the federal government to revive all NNPC depots within the Eastern zone to enable them to get premium motor spirit at a regulated price.
They asked for the intervention of the Nigerian Labour Congress (NLC).
-
News3 days ago
Family, Friends Celebrate Jailed Former Deputy Senate President, Ike Ekweremadu’s Birthday
-
Niger Delta6 days ago
Niger Delta Stakeholders Accuse Olu of Warri and PINL Management of Dishonesty Over Terminated Pipeline Contract
-
Politics3 days ago
PROPHESY TO PRESIDENT BOLA AHMED TINUBU ABOUT 2027
-
Politics7 days ago
Ogbia Council Boss, Appoints Prince Isaac Amakuro as Political Secretary
-
Politics7 days ago
Rivers’ crisis: Timi Frank to TInubu, APC: Wike’s illegal impeachment plot against Fubara distabilze your administration
-
News7 days ago
Baraza executes court order, removes properties from Becky father’s residence
-
Business3 days ago
Baraza: Bribena pleads for understanding, highlights solutions to organization’s problems
-
Business6 days ago
Wema Bank Unveils CoopHub, Nigeria’s First Digital Platform for Cooperative Societies