IPMAN refutes rumours of nationwide price hike.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed rumors suggesting that petrol prices are set to rise across the country.

In an interview with Voice of America, Bashir Salisu Tahir, Chairman of IPMAN’s Northwest Chapter, reassured the public, stating that there were no plans to increase petrol prices. He clarified that no member of the association had raised the price of petrol.

Tahir explained that fuel prices are now determined by the market, and the rumors of a price hike are unfounded. While acknowledging that diesel prices have recently gone up due to market conditions, he noted that these prices would eventually decrease as the market stabilizes.

He also highlighted that the reopening of local refineries is expected to contribute to a decrease in petrol prices, helping to stabilize the market.

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