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Sunday, 5 March 2017

N145 per litre unrealistic -- IPMAN


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The Independent Petroleum Marketers Association of Nigeria, (IPMAN) western zone, says private depots sells petroleum products to their members above the normal price. "We find it difficult to break even just as the Ilorin branch of the association threatens that all filling stations will be closed  if the trend is not reversed within seven days," the marketers say.
According to TVC Correspondent Ibrahim Alege, he reports that some filling stations in Ilorin, the Kwara capital are not distributing fuel, which the Independent Petroleum Marketers Association of Nigeria attributed to the inability of the filling stations within the western zone to lift fuel from the private depots at regulated price.

The IPMAN chairman, western zone, Debo Ahmed says members are constantly running at a loss and can no longer lift fuel at unregulated price from private depots and sell at regulated price to the public. He added that, "If the 5 NNPC depots in the zone were working, members wouldn’t have to pay through their nose to lift fuel from private depots and still run at a loss."

The association  appealed to the Nigerian National Petroleum Corporation, NNPC, to stop collecting Bulk Purchase Agreement fee since independent marketers no long lift fuel from the NNPC depots.

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