Maigandi assured Nigerians that the products would be available with this development, adding that the association was ready to continue to support government’s effort
Browsing: IPMAN
“This is part of its efforts to address some of the challenges in the petroleum product distribution and supply in the country.”
The secretary said the Committee would also checkmate unwholesome practices by persons who hoard or divert products to neighbouring African countries
The statement quoted the committee secretary as saying the release of the product was part of efforts to settle the 7,000 pending loading tickets of IPMAN
The statement quoted Muhammad as saying that the setting up of the committee followed the meeting between the Minister and IPMAN toward ending the crisis in the Association
Its Chairman, Chief Ikechukwu Nwankwo, told the News Agency of Nigeria in Awka, the Anambra State capital, that the planned showdown was to protest the incessant harassment of the members by the officials of the DPR
With this development, IPMAN has called on the Corporation to step up import of Premium Motor Spirit, also known as petrol, to avert another round of scarcity
Abdulkadir said the association, which controlled about 85 per cent of petrol outlets across the country, had a vital role to play in checking the problem of products scarcity nationwide
Osatuyi said the association was informed that some marketers, who were not members of IPMAN, are threatening to go on strike over perceived imbalance in the sharing and distribution of petroleum products to marketers
Investigations by our correspondent indicated that in some of the filling stations that dispensed the product, consumers were still buying the product at the old rate of N87
He said: “For us at IPMAN, whatever intervention or price adjustment by government is a welcome development, as long as the product is made available
He said the current fuel scarcity had reawakened the call for complete deregulation of the downstream sector
He said there was the urgent need for the Federal Government to reposition the two organisations in view of their significant roles in the petroleum sector of the economy
He also said the Aba Depot, which was reopened in 2013, had not served maximally, stressing that loading of products had not been regular
Ahmed said this had become necessary as majority of the private depots in Apapa were taking undue advantage of the closure of the western loading depots to sell petrol to marketers between N82 and N84 per litre against N77.66k.
He said: “We marketers within the South West of Lagos, Ibadan, Ore, Ilorin and Ekiti have found it extremely difficult to load at Apapa depot due to bottleneck at the depot
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He said: “We are grateful to government for the part payment made to our members and hope the balance would be paid very soon
“If we get the product directly from the Nigerian National Petroleum Corporation or its designated depots, we won’t have problems because they will sell at regulated price and we will in turn sell at the controlled price.”
The marketers said that the sudden implementation of the new pump price, in the face of huge unsold products, would impact negatively on their business and revenue