The Independent Petroleum Marketers Association of Nigeria, IPMAN, has advised the Federal Government to allow investors to take over the running of the country’s three refineries.
Danladi Pasali, National Secretary of IPMAN, stated this in an interview with the News Agency of Nigeria on Wednesday in Abuja.
He spoke while reacting to a report that the pump price of petrol might likely get to N190 per litre and the price of crude oil hit 60 dollars per barrel in the international market.
“We can run it successful in collaboration with our foreign investors,” he said.
Mr Pasali said that allowing investors to take over would help in making the government’s job easy and improve the economic development.
He said increasing petrol price for now was not a good thing, as the economic index shows that the county was in economic hardship.
“The capacity of people buying the products is low now compared to before, for example some people buy petrol of N1,500 for their cars but it was not like that in the past.”
Mr Pasali also advised the government to call for stakeholders’ meeting to help solve the problem.
“We can look at other means because there are so many things in the oil template, for example to see how we can reduce the tension.
“There are so many charges in the template like the unnecessary marine charges that can be reduced and it can help reduce the tension, among other suggestions.”