He noted that the product had been deregulated, hence the differential in prices was due to transportation as it is related to location. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to ₦700 per litre nationwide. The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen , stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan on Friday The chairman, therefore, urged Nigerians to disregard the speculation and not to engage in panic buying. Tajudeen stressed that the price of the product would not be more that what is being sold presently. He commended President Bola Tinubu for removing the subsidy on petrol adding that it was long overdue. “Even in PIA bill, it has been clearly stated that the subsidy must be removed, ”So, I want to commend him for removing the subsidy and I want to say that we are in support totally....
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