The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted circulating rumors of an impending increase in petrol prices nationwide.
The association assured the public that local refineries are now operational, a development that will contribute to a reduction in fuel prices.
In an interview with the Voice of America, Bashir Salisu Tahir, Chairman of IPMAN’s Northwest Chapter, dismissed claims of any plans to hike petrol prices.
He emphasized that none of their members had increased the price of petrol across the country.
Tahir explained, “The market now determines prices, and there is no truth to the rumors of an increase in petrol prices. While diesel prices have risen recently due to market dynamics, they will naturally fall when market conditions improve.”
He added that the resumption of operations at the nation’s refineries is expected to further stabilize and reduce petrol prices.
