New PSM Pump Price: IPMAN Says Nigerians Should Be Ready To Pay More

 New PSM Pump Price: IPMAN Says Nigerians Should Be Ready To Pay More

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, has said Nigerians should expect to pay more for the pump price of petrol with the increasing price of crude oil in the global market.

Mr Osatuyi who stated this in an interview with Newsmen said the latest increment of petrol ex-depot price with about seven naira will have an immediate consequence on the pump price of the product.

According to him, petrol pump price will now be within the range of ₦168 to ₦170 per litre

He noted that crude oil price is going up, and the fact that the Federal Government has fully deregulated petrol prices, the landing cost will automatically go up.

TINU

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