Nigerians have been told to allay their fears as the Federal Government has no plan of increasing the fuel price.
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has told its members to disregard the rumour of a possible price hike of Petroleum Products.
The state IPMAN Chairman, Alhaji Bashir Dan-Malam, who said this in an interview with the News Agency of Nigeria (NAN) in Kano on Friday, said the call was necessary to avert hoarding and its attendant hardship on Nigerians.
Dan-Malam advised members in the state to continue with their normal business as the association would sanction anyone caught hoarding or selling the product above the approved price of N145.
“As leaders of the association, we feel it is necessary to tell our members the truth as the government has no plan to increase fuel price for now.
“The rumour is a lie and anything you hear that is not from us, ignore it,” the IPMAN chairman said.
He commended the recent meeting of the association with the Chief of Staff to the President, Malam Abba Kyari, Minister of Finance, Mrs Kemi Adeosun and Minister of state, Petroleum Resources, Dr Ibe Kachukwu.
The chairman said the meeting was an indication that the Federal Government was ready to listen to their grievances and resolve them.
Dan-Malam said that during the meeting it was resolved that the union should go and reconcile with the Petroleum Equalisation Fund (PEF) on the outstanding payment of transportation charges.
“During the meeting it was agreed that a committee to be chaired by the Minister of Finance, Mrs Kemi Adeosun consisting of all stakeholders be set up with a mandate to reconcile all outstanding balances.
The aim is to come up with a plan to clear all the issues that has plagued the sector.
“The administration has clearly demonstrated its willingness to create an enabling environment for a viable and sustainable downstream sector in Nigeria and IPMAN is 100 per cent committed to achieving this goal,” he said.
-NAN