The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to withdraw their service over incessant increment on the price of premium motor spirit in the Eastern part of the country.

IPMAN in a statement on Monday decried that the private depots are the cause of the hike in the price, stressing that they are buying from them at the cost of N185:00 per liter, adding that after other expenses the price would rise to N200 per litre.

They regretted that even at N200 per liter, their business could not thrive considering the high cost of diesel to power the station and the exploitation from private tank depot owners and NUPENG.

The group appealed to the federal government to revive all NNPC depots within the Eastern zone to enable them to get premium motor spirit at a regulated price.

They however asked for the intervention of the Nigerian Labour Congress (NLC) to appeal with NUPENG to reduce the loading fee.

“It is No longer news that premium motor spirit, known as petrol is sold at N200 per litre in the Eastern part of Nigeria, including Portharcourt, Enugu, Owerri, Awka, Uyo, Cross River, Aba, Yenagoa, Makurdi, Lokoja.

“The real cause of hike in price is the incessant increment in price of premium spirit from private depot owners. A litre of fuel is being sold to us at the rate of N185 per litre.