Stop panic-buy, no plan to increase fuel price to N700 per litre

The Chairman of The Independent Petroleum Marketers Association of Nigeria (IPMAN) South-west Zone, Dele Tajudeen, has denied an alleged plan by the association to jerk up the price of fuel per litres to N700.

Mr Tajudeen made this known yesterday in Ibadan when he urged Nigerians to disregard the speculation and not engage in panic buying.

Mr Tajudeen stressed that the product’s price would be less than what is being sold presently.

He commended President Bola Tinubu for removing the subsidy on petrol, adding that it was long overdue.

”So, I want to commend him for removing the subsidy and I want to say that we are in support totally. This is because the subsidy was a scam.”

“I want to disabuse the mind of the people that they should not panic about it, there is no cause for alarm, we are in control, and there is nothing like that.

“So, people should be rest assured that there is no way they can buy petrol more than the price it is being sold now.

“I have read what somebody put into the paper; it is just speculation and not a reality. Nothing like that. I want to assure the masses.”


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