February 21, 2024

No End To Fuel Scarcity Until…—IPMAN Western zone


Vice-Chairman of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Western Zone, Mr. Joseph Oyewale-Akanni, yesterday, attributed the current fuel scarcity and increase in the pump price to the hike in private depot prices.

“If the Federal Government can look into private depots now, and force them to reduce the price to N148.17k everything will be okay.

“If the Federal Government fully deregulates the product, there will be no problem, but if they do it partially, the problem will persist. If they allow private investors to import fuel, it will be okay.”

He, however, urged the Federal Government to deregulate the oil sector to prevent frequent fuel scarcity encountered by Nigerians.

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