The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it has the numerical strength to force down the price of petrol.
IPMAN National President, Mr Chinedu Okoronkwo disclosed this to journalists at a news conference in Abuja on Wednesday.
Okoronkwo said that his members are totally in support of fuel subsidy removal by President Bola Tinubu and expressed optimism that the unbundling of the downstream sector has opened the doors for more investors to come in.
The IPMAN president expressed optimism that the association has the numerical strength to force down the price of fuel once they start independent importation of the product.
Tinubu had in his inaugural speech on May 29, 2023, announced that fuel subsidy has ended.
He said the 2023 Budget made no provision for fuel subsidy and more so, subsidy payment is no longer justifiable.