The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it opposed the recent reduction in petrol prices by Dangote Refinery and the Nigerian National Petroleum Corporation Limited.
Former presidential aide Reno Omokri, in a post on his verified X handle, alleged that IPMAN was protesting against the Federal Government due to the affordability of Dangote and NNPCL fuel.
Responding IPMAN’s Vice President, Hammed Fashola, clarified that the association supports full deregulation and lower fuel costs as they benefit both consumers and marketers.
“The said publication is not from IPMAN, and it cannot be from IPMAN because we have always advocated for total deregulation of the downstream sector. We understand the concept of deregulation, along with its benefits and consequences.
“We (IPMAN) are never against the reduction of petroleum product prices in the country, as it brings relief to citizens. Moreover, as marketers, lower prices mean reduced working capital for us as well.”
He maintained that the report referenced by Omokri could not have originated from the association, as independent marketers have long championed the call for full deregulation of the oil and gas sector.
