'Petrol price may crash next week' - Association urges members to sell off available products

Olanrewaju urged IPMAN members to quickly
dispose the products they have in stock to avoid
loss when the price crashes.



The price of petroleum products may crash in the
coming week, the Independent Petroleum
Marketers Association of Nigeria (IPMAN) said on
Wednesday, August 8.

The IPMAN Chairman, Alhaji Sulaiman O.
Olanrewaju, disclosed this in Ilorin at a meeting
which addressed the factional crisis that has been
rocking the association.

Olanrewaju urged IPMAN members to quickly
dispose the products they have in stock to avoid
loss when the price crashes.
“Price of petroleum products may crash next
week from the information we gathered and we
want to urge our members to sell out the
products they buy at high prices to avoid loss.
We are also glad to tell you that the products will
be available in Ilorin soon,” he said.
He lamented that they cannot sell the product
they bought at N96 for N87 adding that with
information available to them, the price of petrol
will soon go back to N87 in Ilorin as most filling
stations sell above the N87



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