The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide.
The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen, stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan on Friday
The Chairman, therefore, urged Nigerians to disregard the speculation and not to engage in panic buying.
Tajudeen stressed that the price of the product would not be more that what is being sold presently.
He commended President Bola Tinubu for removing the subsidy on petrol adding that it was long overdue.