Fuel Prices Set To Rise As Naira value falls – IPMAN, Sanusi Visits Tinubu After Meeting Niger Coup leaders

The pump’s price of fuel in the country will gradually increase, said by the Independent Petroleum Marketers Association of Nigeria (IPMAN)

Speaking to SaharaReporters on the phone on Thursday, IPMAN National President Chinedu Okoronkwo said that since the abolition of the subsidy on Premium Motor Spirit, also known as gasoline by the Nigerian government led by President Bola Tinubu, the fuel pump price is no longer is determined by the government but by market forces and the dollar to naira exchange rate.

Turning to speculation that the petrol pump price could rise to N1,000 in December, the IPMAN boss said he cannot verify the exact amount the fuel price will reach.

Sanusi Visits Tinubu

President Bola Tinubu and the 14th Emir of Kano, Sanusi Lamido Sanusi met behind closed doors at the presidential villa, Abuja on Wednesday night.

The meeting comes after Sanusi returned from the Republic of Niger, where he met with the military junta that seized power from democratically elected President Muhamad Bazoum.

The former CBN governor arrived at the presidential villa around 8:25 p.m.

His arrival came immediately after a senior delegation from the Nigerian Islamist Ulama met the president.

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