Fuel Hike Looms as IPMAN Threatens Showdown With NNPC

Impartial petroleum entrepreneurs in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk buy agreement to promote gas to them at N133.28k per litre.


The independent Petroleum marketers association of Nigeria (IPMAN), Lagos State Chapter, on Wednesday stated it was set for a showdown with NNPC over irregular gasoline deliver at Ejigbo satellite depot.

The organization stated its individuals had been walking their fuel stations at a loss in the final eight months as a result of NNPC’s default in the bulk purchase contract it signed with IPMAN to sell fuel to its participants at N133.28k per litre.


Now, a litre of petrol is being bought to IPMAN contributors by using Depot and Petroleum merchandise entrepreneurs organization (DAPMAN) at N141, aside from running costs, bank expenditures and other expenditures,
This made it inconceivable for IPMAN members to promote a litre of fuel on the controlled fee of N145, however N146 per litre,
whilst the NNPC had refused to promote gasoline to its individuals most of the time, the manufacturer is diverting the supplies to DAPMAN at a price of N117 per litre.


DAPMAN, in turn, is selling to IPMAN contributors at N141 per litre, the organization stated in a assertion signed with the aid of its state Chairman, Alhaji Alanamu Balogun, vice president, Mr Gbenga Ilupeju and the Secretary, Mr Kunle Oyenuga.

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Author: see naija

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