The Independent Petroleum Marketers Association of Nigeria
(IPMAN) has directed oil marketers to suspend all operations across the
country.
The Association in a statement signed by its chairman, Mohammed
Kuluwa, also directed the marketers to suspend payment of ordering products
from the source until further notice.
IPMAN seems to be making good its earlier threat of shutting
down filling stations this week if the Federal Government insists on ahead to
enforcing the N195 per litre price for petrol.
The Association had earlier stated that its members are selling
at a loss.
According to the
association; ‘’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”.
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