IPMAN Says It Can Force Down Prices Of Petrol - Politics

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IPMAN Says It Can Force Down Prices Of Petrol - Politics - Nairaland

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IPMAN Says It Can Force Down Prices Of Petrol by naptu2: 9:32am On Jun 08, 2023

IPMAN Says It Can Force Down Prices Of Petrol

The association said the unbundling of the downstream sector has opened the doors for more investors.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it has the numerical strength to force down the price of Premium Motor Spirit also known as petrol.

The National President of the association, Chinedu Okoronkwo disclosed this to journalists at a news conference in Abuja on Wednesday.

Okoronkwo said that his members are totally in support of fuel subsidy removal by President Bola Tinubu and expressed optimism that the unbundling of the downstream sector has opened the doors for more investors to come in.

The IPMAN president expressed optimism that the association has the numerical strength to force down the price of fuel once they start independent importation of the product.

Tinubu had in his inaugural speech on May 29, 2023, announced that fuel subsidy has ended.

He said the 2023 Budget made no provision for fuel subsidy and more so, subsidy payment is no longer justifiable.

The announcement caused panic in the oil sector resulting in fuel scarcity and hike in price of petrol.

Following the President’s pronouncement, the Nigerian National Petrol Company (NNPC) Limited announced adjustment in the pump price of petrol which now sells for as high as N500 per litre from N184 per litre.

The Organised Labour had protested the removal of fuel subsidy and met with different representatives of the government. A court stopped the strike of the Labour unions slated for Wednesday (today) even as the unions said they had suspended the action.

https://www.channelstv.com/2023/06/07/ipman-says-it-can-force-down-prices-of-petrol/

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Re: IPMAN Says It Can Force Down Prices Of Petrol by TemplarLandry: 9:39am On Jun 08, 2023

Tinubu came straight for their jugular by strategically saying in his inaugural speech-“subsidy is gone”. Assuming he didn't make that remark, the fat-feeding cabals would have frustrated plans to remove it.

Now any move the cabals make to frustrate subsidy removal is like a fart in a hurricane, Chess Master Tinubu has outsmarted them. That scam called subsidy has bedeviled us for so long, putting our economy in a chokehold. Yuck!

191 Likes 13 Shares

Re: IPMAN Says It Can Force Down Prices Of Petrol by Parachoko: 9:46am On Jun 08, 2023

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Re: IPMAN Says It Can Force Down Prices Of Petrol by pandoragirigory: 9:49am On Jun 08, 2023

Nice one, Tinubu is a wonderful man, he announced subsidy removal and everything is falling into place, what was impossible for 11 years, Tinubu the greatest politician that ever lived do in just one month, what a wonder.

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Re: IPMAN Says It Can Force Down Prices Of Petrol by HopeSpencer: 9:59am On Jun 08, 2023

.

There were no vehicles and bikes in Nigeria in 18th century and people lived happier than we do today. What changed?

.
I have been pressing phone since morning because there's no work to do.

In olden days, I would be in the farm. Can I go to farm today as a university graduate struggling with hoes and cutlasses and come to Facebook saying I'm gainfully employed?

Nigeria is done for.

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Re: IPMAN Says It Can Force Down Prices Of Petrol by pandoragirigory: 10:00am On Jun 08, 2023

Goo

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Re: IPMAN Says It Can Force Down Prices Of Petrol by GeneralPula: 10:12am On Jun 08, 2023

[quote author=TemplarLandry post=123648767]Tinubu came straight for their jugular by strategically saying in his inaugural speech-“subsidy is gone”. Assuming he didn't make that remark, the fat-feeding cabals would have frustrated plans to remove it.

This is what some people don’t understand! It takes serious boldness & wisdom to remove the subsidy that has turned many people to millionaires at the detriment of the masses!

Tinubu intentionally made the pronouncements on the inauguration cuz no one would expect it! It shocked them all! The strategy to me is the only way to remove the subsidy successfully because if these so cabals got a signal of subsidy removal, they’ll surely frustrate it and it will never be possible!

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Re: IPMAN Says It Can Force Down Prices Of Petrol by IgbosNIGHTMARE: 10:17am On Jun 08, 2023

All I know is that it will never be well with Buharì, all his family members and associates.

THE WORST MISTAKE OF NIGERIA.
THE MOST CORRUPT, USELESS AND SENSELESS PRESIDENT EVER.

BASTARD RUSHED TO OPEN UNCOMPLETED DANGOTE REFINERY IN ORDER TO RECEIVE UNDESERVED CREDITS FOR IT...

LAUNCHED AN UNEXISTING NIGERIA AIR FLIGHTS STEALING BILLIONS OF NAIRA...

88 Likes 4 Shares

Re: IPMAN Says It Can Force Down Prices Of Petrol by Manny21: 10:17am On Jun 08, 2023

Will these greedy commercial capitalists allow it to go down. In Nigeria everything is like age, it doesn't go down

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Re: IPMAN Says It Can Force Down Prices Of Petrol by theophorus(m): 10:17am On Jun 08, 2023

Everybody don dey align dey cooperate asap cos we all don realize say no be joke ooo.

Cars don reduce for street. grin

34 Likes 1 Share

Re: IPMAN Says It Can Force Down Prices Of Petrol by Sunshine34(m): 10:17am On Jun 08, 2023

The wonders performed by TINUBU should be studied. No NIGERIAN politician have the boldness, the effontery, the vision, of BOLA AHMED TINUBU.

GOD BLESS BOLA AHMED TINUBU,
GOD BLESS THE FEDERAL REPUBLIC OF NIGERIA,
GO BLESS EVERYONE.

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Re: IPMAN Says It Can Force Down Prices Of Petrol by Sitwalkstand: 10:18am On Jun 08, 2023

what are they waiting for?

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Re: IPMAN Says It Can Force Down Prices Of Petrol by bigdammyj: 10:18am On Jun 08, 2023

Noted.

1 Like

Re: IPMAN Says It Can Force Down Prices Of Petrol by VinnyBaba: 10:18am On Jun 08, 2023

Bravo!👍👍

You Guys should do it and Lobby NLC or TUC to support you!

The Fuel subsidy Removal is geared to favour only DANGOTE, TINUBU, AND APC HAUSA/FULANI CABALS, while every Nigerians suffers.😒

They want to Chop Alone in Abuja, and Sideline Independent Marketers. 😕

Those Pple that are saying Subsidy will be Beneficial to Nigerians in the long run, nor Wise! sad

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Re: IPMAN Says It Can Force Down Prices Of Petrol by Kingpele(m): 10:18am On Jun 08, 2023

Please force it down..now for those of u celebrating subsidy removal..I believe you guys were very young or not yet born when we had the best refineries in Africa .then there were depots in strategic areas to serve the federation like porthacourt depot . One in capital of benue state then etc..all this tankers that carry water now was used in those days to distribute PMS to filling stations directly from nnpc depot across the federation,with monitoring system in place that eliminate to some extent divasion of PSM from its registered destinations ..but with time the government ran the refineries aground. Then gave NNPC the right to export crude oil and to import PSM into the country..with time through NNPC government gave individuals right to import PSM and that's is how subsidy came into the picture...government through NNPC began to subsidised the imported fuel because the cost of importation is high and if citizens were to buy it like that it will be very expensive...now the solution is not to remove the subsidy..rather it's to remove the reason subsidy came into the game by bringing back our refineries as it were before subsidy came ...is a pity our greedy political class enjoyed this country in the seventies and eighties but now they want us and our children to endure their( greed induced) unnecessary suffering in this country....

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Re: IPMAN Says It Can Force Down Prices Of Petrol by Wealthoptulent(m): 10:18am On Jun 08, 2023

Problem number 3 for country.

Selfish interest in all sectors, but soon u all be CHECK MATE.. make we dey look dey go.

Where are poultry/egg seller now? Demnfit eat their eggs alone ?
Na throway dem dey throway am.
IPMAN,NNPC; CNG/ELECTRIC CARS dey come 👍

1 Like

Re: IPMAN Says It Can Force Down Prices Of Petrol by IMASTEX: 10:19am On Jun 08, 2023

What are you waiting for?

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Re: IPMAN Says It Can Force Down Prices Of Petrol by vacanci: 10:19am On Jun 08, 2023

the numerical strength can also make them force the price up.

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Re: IPMAN Says It Can Force Down Prices Of Petrol by LeeMason(m): 10:19am On Jun 08, 2023

He talked without hitting the nail on the head. How would ipman force the price down?

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Re: IPMAN Says It Can Force Down Prices Of Petrol by vacanci: 10:20am On Jun 08, 2023

HopeSpencer:
.

There were no vehicles and bikes in Nigeria in 18th century and people lived happier than we do today. What changed?

.

Life happens

1 Like

Re: IPMAN Says It Can Force Down Prices Of Petrol by Justbeingreal(m): 10:20am On Jun 08, 2023

EVERYBODY JUST DE TALK TALK.

NA POOR PEOPLE DE SURFER EVERYTHING.

WE DE WATCH..

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Re: IPMAN Says It Can Force Down Prices Of Petrol by Slurity(m): 10:20am On Jun 08, 2023

GOD BLESS TINUBU FOR ME

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Re: IPMAN Says It Can Force Down Prices Of Petrol by omoyankee3(m): 10:20am On Jun 08, 2023

Cool

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Re: IPMAN Says It Can Force Down Prices Of Petrol by Kouamay(m): 10:21am On Jun 08, 2023

They should do please

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Re: IPMAN Says It Can Force Down Prices Of Petrol by TREX002: 10:21am On Jun 08, 2023

HopeSpencer:
.

There were no vehicles and bikes in Nigeria in 18th century and people lived happier than we do today. What changed?

.

oya go back to that century u just mentioned... Is obvious common sense is not common as likened to ur statement...

8 Likes 2 Shares

Re: IPMAN Says It Can Force Down Prices Of Petrol by MarveworldG: 10:22am On Jun 08, 2023

Re: IPMAN Says It Can Force Down Prices Of Petrol by AntiChristian: 10:22am On Jun 08, 2023

See Investment!

Yaa Allah! Me sef wan invest o!
I need one Million Kuwaiti Dollars to invest in the petroleum sector!
Aamin!

2 Likes

Re: IPMAN Says It Can Force Down Prices Of Petrol by alamoht(m): 10:22am On Jun 08, 2023

[quote author=HopeSpencer post=123649213].

There were no vehicles and bikes in Nigeria in 18th century and people lived happier than we do today. What changed?

What point are you trying to make.
Everything is you said seems not to be a point

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