March 23, 2024
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed the reason they can’t sell fuel at N170 per litre. The association explained that the scarcity of fuel was due to independent marketers purchasing from private depots at about N200 per litre. IPMAN

Reason We Can’t Sell Fuel At N170 Per Litre – Petroleum Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed the reason they can’t sell fuel at N170 per litre. The association explained that the scarcity of fuel was due to independent marketers purchasing from private depots at about N200 per litre. IPMAN Operations Controller, Mike Osatuyi, who stated this however said that independent marketers are now allowed to lift petrol at N148 per litre. According to him, “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.” The House of Representatives has also urged the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) to map out a plan with the Nigerian Police Force and DSS to ensure that fuel was sold at the regulated price and in all retail outlets. The resolutions followed a motion entitled: “Urgent Need for the Government to End the Current Fuel Scarcity,” moved by Saidu Abdullahi (Niger State) under matters of urgent public importance at plenary. Presenting the motion, Abdullahi noted that in the last few months, Nigerians have been subjected to untold hardships caused by petrol scarcity, affecting economic activities and making the already trying times in the country more difficult.

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