The national president of Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okworonkwo, has announced there will be a reduction in petroleum pump price from next week.
Okworonkwo stated that the petroleum marketers have agreed to reduce the cost of petroleum within the country to N140from N145 per litre, a move the body hopes will diffuse the political tension within the country.
He made this know through a statement released on Sunday, which noted filling station across Nigeria will cut N5 from the current petroleum pump price between February 20 and February 25, 2019.
The motive behind the reduction
According to the statement by IPMAN, which was signed by the chairman of the association’s Kano chapter, Bashir Dan-Malam, the body approved the new price in a bid to motivate Nigerians to vote in the coming election.
Recall that the General election in Nigeria which was scheduled for February 16, 2019, was postponed on election day by the Independent National Electoral Commission, INEC, to February 23, 2019.
INEC had claimed damage to electoral documents by fire, late circulation of electoral materials to some States, among many other reasons. The postponement drew reactions from the two leading presidential candidates, President Muhammadu Buhari and former vice president, Atiku Abubakar.
President Buhari who is contesting on the platform of All Progressive Congress (APC), appealed for calm following INEC’s rescheduling of the Presidential and National Assembly elections.
While Atiku who is vying on the platform of the Peoples’ Democratic Party (PDP) stated that the postponement is obviously a case of the hand of Esau but the voice of Jacob, accusing the Buhari administration of planning to disenfranchise the Nigerian electorate.
Now, IPMAN says the body hope the reduction in petrol price will calm the political tension and situation within the country.