The Independent Petroleum Marketers Association of Nigeria (IPMAN) has ordered its members to suspend all operations across the country.

IPMAN also directed its members to suspend payment of ordering products from source until further notice.

The association gave the directive via a statement issued on Tuesday by its chairman, Mohammed Kuluwu.

“Following the critical situation as it affect our sourcing and selling of product at lost and the action of the authority to impose the selling of product as a lost price on our side.

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“You are all hereby directed to suspend selling at all filling stations and also suspend payment of ordering products from source until further notice,” Kuluwu stated.

IPMAN had, on Monday, debunked the report that marketers will shut down operations once the government starts the enforcement of N195 per litre pump price on Monday.

The IPMAN National Operations Controller, Mike Osatuyi, who made this known, said the insinuation that marketers have concluded plans to shut down operations from Monday should be disregarded.

The IPMAN Publicity Officer, lbadan Depot, Mojeed Adesope, last Friday, called for the shutdown of all IPMAN filling stations due to the government’s pronouncement that the pump price of petrol should not exceed N195 per litre.

Adesope said dealers, particularly independent marketers, described the development as tough due to the high ex-depot price of the commodity.

Osatuyi, however, said Adesope has no mandate to talk on behalf of the national body of the association, adding that the Nigerian National Petroleum Company Limited (NNPCL) was preparing the logistics to start supplying petrol to IPMAN members directly.

The Star