From Kolade Adeyemi, Kano
The Independent Petroleum Marketers Association (IPMAN) has enjoined the Federal Government to come up with palliative measures to support its members who may incur losses following sudden reduction in fuel pump price.
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The Federal Government on Wednesday announced the reduction of fuel pump price from N145 per litre to N125 per litre.
The IPMAN Chairman, Kano branch, Alhaji Bashir Danmalam, speaking with reporters in Kano yesterday, said the union found it necessary to make the request in view of the fact that 95 per cent of its members, who have old stocks of the commodity, would incur a huge loss following the reduction of the fuel pump price.
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