IPMAN cites reason for fuel scarcity at filling stations

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Ogun State chapter, has blamed the federal government and the National Petroleum Corporation (NNPC) Limited for the ongoing fuel scarcity in the country.

Femi Adelaja, IPMAN’s Mosinmi Depot chairman, said this in a statement he issued

“Be informed that this crisis was not caused by the Independent Petroleum Marketers Association of Nigeria (IPMAN),” he said.

Adelaja said that the government and NNPC “have failed to make the product available for our members at an affordable prices”.

“As we speak, PMS is not available in any of the NNPC’s depot across the country.

“The few litres being sold to members of the public by our members were secured from management of private depots in Lagos, who would sell the product to us at an exorbitant price of between N215 and N220 per liter.

“Prior till now, IPMAN members do get our supplies from the NNPC depots at N148.17k, but since it’s not available in these depots, the private depot owners in Lagos now sell to us at a price of N215.30k, excluding the cost of transportation and other handling and overhead costs.

“So, by the time we add other over head cost to the price of purchase, it brings the landing cost of fuel to between N245 and N250 per liter, excluding transportation, which costs charges N15 per liter, from Lagos to Abeokuta depending on the location to offload such.

“This implied that for us to dispense the product, which we got from a third-hand to members of the public and also meet up with the other overhead costs including running of the filling stations on generator and payment of staff, we have to sell at the price of N270 per liter which we are selling currently across Ogun State.”

IPMAN urges the government to remove subsidy on petrol, and deregulate the sector completely.

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