The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to intervene in the operations of Dangote Refinery to help reduce retail fuel prices.
The National President of IPMAN, Abubakar Maigandi, made the appeal in an interview with DAILY POST on Tuesday.
His appeal comes as fuel prices rose significantly to between N1,310 and N1,345 per litre in Abuja and its environs.
The latest retail petrol price hike comes after Dangote Refinery and depot owners raised their gantry and ex-depot petrol prices.
Reacting, Maigandi urged the Federal Government to broker a deal with Dangote Refinery as part of its intervention to reduce fuel pump prices nationwide.
According to him, the Federal Government’s intervention in the downstream petroleum sector should not be seen as a fuel subsidy.
“We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices.
“The government should intervene with Nigerian refiners, and this will lead to a reduction in fuel prices. It is different from fuel subsidy. In a situation where there is difficulty, the government should step in,” the IPMAN boss told DAILY POST.
FG should provide intervention to Dangote Refinery to reduce fuel price – IPMAN