No hike in petrol price for now – Marketers

 Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) say there is no hike in the pump price of Premium Motor Spirit (PMS) or petrol.

The groups confirmed the development in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos while reacting to reports that the price of PMS has been increased to N212.61 per litre.

Currently petrol sells at N162 and N165 per litre at most filling stations across the country.

Mr Clement Isong, the Executive , MOMAN, told NAN that the association had received communication from the Nigerian Petroleum Corporation () that there should no price increment for PMS.

Isong said, “ has told us that they will not increase prices in March. If you recall, they have made a statement on that earlier and have reconfirmed to us that there is no increment.

“They have also put it on their social media handles.’’

According to him, queue noticed at filling stations in some states of the country in recent weeks is due to speculation that there will price increase.

did was to take the speculation by giving assurance that price will not go in March and that killed the queue and demand went down.

they have done again this morning is to take the speculation of the market. They always have enough products,’’ he said.

Isong added that MOMAN had advised its members to continue retailing with the old price regime.

Similarly, Mr Chinedu Okoronkwo, President, IPMAN said marketers had received communication from NNPC that there not any price increment until government and organised labour concluded their deliberations.

“There is no increment. Government is still talking with labour. we are even concerned about is total deregulation of the market.

“There are other alternative sources of energy to PMS and we continue to focus all attention only on that product. (NAN)