The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the federal government to fully deregulate Nigeria’s downstream oil and gas sector to make it competitive for independent marketers and to also bring stability to prices nationwide.
This was disclosed by Alhaji Danladi Pasali, IPMAN’s National Secretary in an interview on Friday in Abuja.
The IPMAN boss suggested that full deregulation would bring more competitiveness to the space and even cause a price reduction due to stability and market demand.
He also disclosed that the association urged members to sell at N162 price range and that rumours of selling above N200 are untrue.
“We want competition in the business, it will help us explore,” Pasali said.
