IPMAN Confirms Another Fuel Pump Price Hike - Politics

IPMAN Confirms Another Fuel Pump Price Hike - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › IPMAN Confirms Another Fuel Pump Price Hike (56714 Views)

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IPMAN Confirms Another Fuel Pump Price Hike by ijustdey(op): 2:45pm On Aug 10, 2023

The Independent Petroleum Marketers Association of Nigeria said the price of Premium Motor Spirit, popularly known as fuel would continue to increase as long as the US Dollar rose in the foreign exchange market.

Chinedu Okoronkwo, the National President of IPMAN, disclosed this to DAILY POST exclusively while reacting to speculation of further fuel pump hikes.

The IPMAN’s boss noted that fuel price will keep soaring if the dollar keeps rising in the forex market.

He said: “Nigerians should understand that with fuel subsidy removal, the government is no longer determining pump prices but the market forces. The product is bought in dollars. The dollar is around 890/$1 now. As the dollar climbs, fuel pump prices will continue to go up.

As a solution, he urged the government to double up efforts to make Compressed Natural Gas available for Nigerians.

“Government should make conscious efforts towards making CNG available for Nigerians”, he stated.

Naira dropped further to the dollar, exchanged at N782.38/$1 on Wednesday at the official market. But, at the parallel market dollar is enchanted at 910/$1.

Consequently, the pump price of the product is expected to exceed N617/per litre.

DAILY POST recalls that three weeks ago, fuel marketers increased the fuel pump price from N539/per litre to over N600/per litre.

https://dailypost.ng/2023/08/10/ipman-confirms-another-fuel-pump-price-hike/

2 Likes

Re: IPMAN Confirms Another Fuel Pump Price Hike by Wodu89: 2:47pm On Aug 10, 2023

Hmm

1 Like

Re: IPMAN Confirms Another Fuel Pump Price Hike by Beremx(f): 2:48pm On Aug 10, 2023

The difference is that these ones didn't mention when they're increasing fuel pump price just like their counterparts said in the gas sector.
Ordinary Nigerians should tighten their belts and brace up for more hardships to come. Las las we shall survive it.
Tinubu has come to bring more pains and sufferings on Nigerians.

263 Likes 19 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Taylor90: 2:49pm On Aug 10, 2023*

See who miscreants been dey hype say na master strategist, technocrat and first class accounting student from Chicago university

His track records are there, but has refused US government to release his Chicago education records to the public

He did it in Lagos he will replicate it in Nigeria

He has the experience yen yen yen

Just 3 months this Animal has worsen the country

Dollar is almost 1000, Shebi them remove dollar subsidy too

Anyways I’m not surprised because I knew the urine device will be worse than Buhari

Tinubu is a non living thing

578 Likes 64 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Obi2saveNigeria: 2:53pm On Aug 10, 2023

Ebola is seriously doing a "great" job destroying Nigeria. This country won't survive this man if the status quo remains!

215 Likes 19 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by EmperorCaesar(m): 2:54pm On Aug 10, 2023

Former Minister Oby Ezekwesili proposed policy

I know its for good

1 Like 2 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Fifthaout: 2:55pm On Aug 10, 2023

Too bad!

Local refineries should be encouraged and not destroyed by the military. Seems that's the only way out now.

42 Likes 3 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by sanpipita(m): 2:55pm On Aug 10, 2023

APC supporters are going to buy it cheaper, Peter Obi and Obidients are getting taught politics and bitter lessons.

289 Likes 25 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Taylor90: 2:56pm On Aug 10, 2023*

EmperorCaesar:
Former Minister Oby Ezekwesili proposed policy

I know its for good

Ozuor

Says a broke ass that can’t afford a liter

How’s increasing fuel price be for good

I no blame una shaa na Yakubu Manhod I blame for imposing a maggot on us

218 Likes 18 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Obi2saveNigeria: 2:56pm On Aug 10, 2023

Lol, the man even said the dollar was 890 but right now it has crossed 950 and fast approaching 1000 grin

Nigeria is facing unprecedented economic crises but Ebola is more concerned about what is happening in Niger republic. Another country is more important to him than the country he was selected to rule🤡

198 Likes 16 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Ofunaofu: 2:58pm On Aug 10, 2023

Let the poor breathe......

2 Likes

Re: IPMAN Confirms Another Fuel Pump Price Hike by Iykopee(m): 2:59pm On Aug 10, 2023

Thîefnubu ran away from presidential debate for a reason. Now, this is the outcome of having a useless idiot like thîefnubu @ the helm of affairs.

208 Likes 19 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Ogene001: 3:01pm On Aug 10, 2023

Ndi Ronu how market? From Buhari to Tinubu it's obvious that Igbo marginalization comes with serious economic consequences.

225 Likes 25 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Suspect33(m): 3:03pm On Aug 10, 2023

By the time Timubu finish with this country, even his diminishing supporters will ask him to return the mandate

Whatever happened to "it's his brain we need, not his body" shey the brain don ferment ni grin

230 Likes 21 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by femijay8271(m): 3:04pm On Aug 10, 2023

Re: IPMAN Confirms Another Fuel Pump Price Hike by olu122: 3:04pm On Aug 10, 2023

For real

Re: IPMAN Confirms Another Fuel Pump Price Hike by SoftP(m): 3:04pm On Aug 10, 2023*

APC/Balablu supporters should please link me up where i can get fuel @ 1h /litre..

The beauty of this whole thing;
most of the so called supporters are poor religious & tribal brats that can’t afford t-fare;
I hope & pray they increase the price to 2k/litre; lets enjoy this govt together….

Werey

79 Likes 8 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Anytask01: 3:04pm On Aug 10, 2023*

mycar:
Agbados will still blame it on obidients

They are already transferring it to Ezekwesili

EmperorCaesar:
Former Minister Oby Ezekwesili proposed policy

I know its for good

20 Likes 1 Share

Re: IPMAN Confirms Another Fuel Pump Price Hike by oluwaseyi0: 3:04pm On Aug 10, 2023

Again?

Re: IPMAN Confirms Another Fuel Pump Price Hike by wittywriter: 3:04pm On Aug 10, 2023*

Lovely
For you not to have an income means you earn in dollars or Euros or pounds been an internet user that spends hours online as a Nigerian then sorry...
Shoutout to fellow freelancers and online earners.

jaystefan:
.
.
.
Bro I would like you to teach me

Yeah you can get a paid mentorship....in 3 weeks you would already started e earning via online even if you haven't grasp all.

Runup:
How do I earn dollars online?

There are many ways but two basic ways I earn is with my skill and online investment using sales funnels.
You too can.....if u want mentorship it can be arranged for a fee.

Wittyness

4 Likes 1 Share

Re: IPMAN Confirms Another Fuel Pump Price Hike by GanagiBitrus: 3:04pm On Aug 10, 2023*

Please let Nigerians breeeeeeeeeeeeeeeeeethe!

12 Likes

Re: IPMAN Confirms Another Fuel Pump Price Hike by BigYash: 3:04pm On Aug 10, 2023

I am loving this cheesy

On his mandate I stood sayers no dey buy fuel. They supply them for free.. cheesy

Their dollar exchange rate is $1 to 1#.. The $900+ rate works only with Obi and his followers .. Ahahaha

61 Likes 2 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by EmperorCaesar(m): 3:04pm On Aug 10, 2023

Taylor90:
Ozuor

Says a broke ass that can’t afford a liter

Thats rich, Coming from a jobless NL user thats always on every new posts and trends on NL

6 Likes 2 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by Anytask01: 3:04pm On Aug 10, 2023

On your mandate we sleep

Re: IPMAN Confirms Another Fuel Pump Price Hike by phemmyfour: 3:05pm On Aug 10, 2023

Wahala
Wahala

Re: IPMAN Confirms Another Fuel Pump Price Hike by JuanDeDios: 3:09pm On Aug 10, 2023

EmperorCaesar:
Former Minister Oby Ezekwesili proposed policy

I know its for good

What did Mrs Ezekwesili propose?

35 Likes 1 Share

Re: IPMAN Confirms Another Fuel Pump Price Hike by baralatie(m): 3:10pm On Aug 10, 2023

Dollar exchange rate
Lack of local refined products

3 Likes

Re: IPMAN Confirms Another Fuel Pump Price Hike by Omoawoke(m): 3:10pm On Aug 10, 2023

The biggest mistake was floating naira at the same time subsidy was removed.
Nothing to check or balance the other. Both fuel price and naira will be dancing azonto.
The govenrment need to be extra creative and find a way to solve this problem

I am Jagaban supporter but I never supported the floating of the naira from day one

Meanwhile

BigYash:
I am loving this On his mandate I stood sayers no dey buy fuel. They supply them for free.. Their dollar exchange rate is $1 to 1#.. The $900+ rate works only with Obi and his followers .. Ahahaha

Some people like this mofo are irredeemably senseless
Because your candidate did not win an election is no reason to wish your country fail and celebrate bad news. There’s something about the universe, you will eventually get what you wish one way or the other. The way you sniff around looking for bad news, that energy will locate you and bad news will eventually hit you.
I asked myself sincerely, if obi had won and become president, would I because of that wish my country bad and hoping it fails? Of course no. There are times when you should know when to draw the line. Politics is one thing, hating your country is another.

33 Likes 6 Shares

Re: IPMAN Confirms Another Fuel Pump Price Hike by mycar: 3:10pm On Aug 10, 2023

Agbados will still blame it on obidients

16 Likes

Re: IPMAN Confirms Another Fuel Pump Price Hike by Mossadd: 3:10pm On Aug 10, 2023

Shege upon shege on Nigerians May God punish Tinubu and all his supporters

39 Likes

Re: IPMAN Confirms Another Fuel Pump Price Hike by Earthquakes: 3:10pm On Aug 10, 2023

It's a lie, I heard it's sold 86 naira at Ekiti, Osogbo, Akure and Ogun then free in Lagos for only yorubas

69 Likes 3 Shares

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