Thr Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday asked marketers across the country to begin dispensing petrol at N180 per litre and above.

The marketers made this known on Monday during a press conference in Lagos.

Petrol is sold at  the official price of N165 per litre in major stations across Lagos, Abuja and other cities in Nigeria.

IPMAN in a statement issued by its Secretary, Akeem Balogun, said it was no longer possible to sell the product at the government’s cap of N165 per litre.

DIPLOMATIC DIARY on Monday observed long queues for fuel at filling stations in  Lagos 

The statement read: “Distinguish marketers, the Chairman and executives in conjunction with some senior members of our unit, organised a press conference today 20th June 2022, at IPMAN HOUSE Ejigbo Lagos, where we explained our predicament with the current price of PMS at private depot.

” We explained that with the current price, there is no way we can sell less than N180 per litre. 

“On this note, members are hereby advised to sell at a sustainable price within their environment. Just make sure that the price is on your pump. 

“Kindly contact the Secretariat should you have any authority challenging your operations.

“Please tune in to Channels Television today by 10pm to view the press conference.”