The Independent Petroleum Marketers Association of Nigeria (IPMAN) directed its members to lower petroleum pump price from N145 to N140.
In a statement made available to Okay Nigeria on Sunday evening, the association said the move is their contribution towards encouraging voters to participate in the postponed elections.
Elder Chinedu Okoronkwo, the National President of the association, said the implementation of the directives should take effective from Wednesday.
The statement reads, “We urged all our members across Nigeria to immediately reduce the price of petroleum pump price from N145 to N140 as directed.
“This is because of the political situation that hit the country after INEC suddenly announced the postponement of Presidential and National Assembly elections after Nigerians were fully prepared.
“We are all aware how Nigerians travelled to different destinations across the country in order to exercise their civic duty; unfortunately, they heard a sad news of postponement of the polls.
“This made us deemed it fit to reduce the pump price in order to ease their suffering, and to also motivate them to travel again to exercise their franchise on February 23,” he said.
The IPMAN president urged his members nationwide to immediately implement the directives maintaining that the IPMAN’s decision to reduce the petroleum pump price followed President Muhammadu Buhari’s concern over the election postponement.
“We decided to express our concern over the postponement, as President Buhari expressed concern over the development. As Buhari apologised to Nigerians to show restraint and return to polling units on February 23, IPMAN therefore called on the citizens to exercise patience and come out en masse to cast their votes on the rescheduled date.”