Gasoline Shortage: IPMAN accuses NNPC over pricing disparity; points 7-day ultimatum

Thursday, December 8, 2022

A composite of Fuel queue in Nigeria, Independent Petroleum Marketers Association of Nigeria (IPMAN) and Nigerian National Petroleum Corporation

A composite of Gasoline queue in Nigeria, Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) and Nigerian Nationwide Petroleum Company

Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) has accused the Nigerian Nationwide Petroleum Firm Ltd. (NNPCL) of favouring main oil entrepreneurs, issuing a seven day ultimatum for the oil firm to begin promoting to its members on the regulated depot value of N148.17 per litre.

The chairman of IPMAN Ejigbo Depot, Akin Akinrinade, made the comment in Lagos on Wednesday whereas addressing the media on the worth disparity of petrol to IPMAN members by depot homeowners.

Mr Akinrinade puzzled why personal depots get petrol from NNPCL on the official fee of N148.17 per litre however promote at N220 per litre ex-depot value to IPMAN.

The lPMAN boss claimed his organisation had an settlement with NNPCL on gas provide however has refused to stick to the settlement.

He, nevertheless, requested NNPCL to work out a concrete association for IPMAN to purchase gas at a regulated value of N148.17 per litre inside seven days.

“We now have seen the worth disparity at which NNPC is promoting petrol to main entrepreneurs at a regulated value, and the personal depots are promoting to the impartial entrepreneurs at N220 per litre.

“Main entrepreneurs are promoting on the fee of N170 per litre of their stations, and stores are promoting at N169 at their stations.

“The personal depots are promoting ex-depot value at N220 per litre to us, which implies that after paying N220 per litre, we nonetheless have so as to add different prices like transportation, logistics amongst different prices.”

In accordance with the chairman, this has elevated the worth of petrol at IPMAN stations, including that members now promote at N250 per litre and above to remain in enterprise.

“We’re now not comfy with this as a result of Nigerians now see us because the black sheep.

“So, we would like Nigerians to know that it’s not of our making and that the authorities ought to deal with the problems across the value disparity.”

Mr Akinrinade stated members discovered themselves in such a state of affairs resulting from moribund NNPCL depots that had been uncared for.

“We loaded right here final on the satellite tv for pc depot in Lagos since December 2021, however all through 2022, we have now not load a drop of product right here.

“Ordinarily, NNPC is meant to make preparations for us to load by way of the personal depots, however they’ve deserted that association,” he stated.

Mr Akinrinade stated IPMAN was merely asking for honest competitors, including that the competitors was now not honest.

He stated that lPMAN members had been dropping prospects as a result of they might now not purchase on the value of N250 and above.

(NAN)

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