The Independent Petroleum Marketers Association of Nigeria has directed members to suspend all operations across the country. 

The marketers were also instructed to halt payment for goods orders from the source until further notice, according to a statement issued on Tuesday by the association's head, Mohammed Kuluwu.

The decision was made as a result of "the critical situation as it affects our sourcing and selling of goods at a loss and the action of the authorities to force the selling of product at a lost price on our side," according to the organization.

In a previous report, the group was said to have pleaded with the Federal Government for extra time to continue selling Premium Motor Spirits at the set price of N195 per litre.

Details later…