Why We’re Unable To Sell Fuel At N170 – Independent Marketers

Why We’re Unable To Sell Fuel At N170 – Independent Marketers

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that it is collaborating with the Nigerian National Petroleum Corporation (NNPC) Limited to address the country’s fuel scarcity.

According to IPMAN, the scarcity of fuel is causing long lines at filling stations because independent marketers have been lifting the product from private depots at around N200 per litre.

As a result, they were unable to meet the Department of State Services’ (DSS) 48-hour deadline last week.

According to IPMAN Operations Controller Mike Osatuyi, independent marketers can now lift petrol at N148 per litre.

Osatuyi said, “Our members have now been allowed to lift petrol at N148 per litre, meaning that we can now reduce our pump prices. We are committed to working with other parties to tackle the shortage across the country as quickly as possible.”

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Meanwhile, the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) was also urged by the House of Representatives to seek the collaboration of the Nigerian Police Force and the DSS in order to ensure that fuel was sold at the regulated price and in all retail outlets.

The resolutions came after a motion in plenary titled “Urgent Need for the Government to End Current Fuel Scarcity,” moved by Saidu Abdullahi (Niger State) under matters of urgent public importance.

In introducing the motion, Abdullahi stated that in recent months, Nigerians have faced untold hardships as a result of petrol scarcity, which has hampered economic activity and exacerbated the country’s already difficult situation.

He said: “Intelligence reports on current fuel scarcity gathered by our securities agencies indicated that there is a deliberate plan by some oil marketers to derail the effort of the government in the distribution of fuel in the country by hoarding the petroleum products and thereby, creating artificial scarcity all over the country.

“While the fuel scarcity is hurting, some major marketers are currently selling fuel at government regulated price, but some independent marketers, who operate in the market have enough petroleum products and are selling at unregulated prices.

“Most of those fuel stations have resulted in selling fuel at over N300 per litre. It is observed with dismay that those who are gaining from this artificial fuel scarcity appear to be smiling home as a result of this ugly development and this has the potency to provoke innocent Nigerians against the government.”

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