The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Association of Distributors and Transporters of Petroleum Products (ADITOP) have refuted claims regarding a proposed hike in the price of petrol to N700 per litre. In an interview with the News Agency of Nigeria (NAN) in Abuja on Saturday, both associations dismissed the reports as mere speculation.
Addressing the issue, representatives from IPMAN and ADITOP vehemently denied any plans to increase the pump price of petrol. They emphasized that the circulating information was baseless and lacked factual evidence. According to the associations, such rumors can cause unnecessary panic and disruption in the market, leading to a distorted perception of the fuel industry.
IPMAN and ADITOP urged the public to disregard the alleged reports and assured consumers that there were no immediate plans to alter the price of petrol. They reiterated their commitment to providing affordable and accessible petroleum products to Nigerians and emphasized the need for accurate information dissemination to avoid unnecessary confusion among citizens.
As petrol remains a crucial commodity in Nigeria, any potential changes in its pricing can significantly impact the economy and the general population. The denials from IPMAN and ADITOP aim to reassure consumers and maintain stability in the fuel market.