Marketers get petrol at over N200 per litre from depots – IPMAN cries out

user_icon Marketers get petrol at over N200 per litre from depots – IPMAN cries out Posted by: NOTICE.COM.NG Staff
calendar-icon Marketers get petrol at over N200 per litre from depots – IPMAN cries out Posted on: 2022-11-24 13:07:23
Marketers get petrol at over N200 per litre from depots – IPMAN cries out IPMAN109708



The Independent Petroleum Marketers Association of Nigeria (IPMAN) has decried the ‘unsustainable’ price that the private depot owners sell the premium motor spirit, otherwise known as peteol in the country.

Speaking on Thursday on Channels Television's Sunrise Daily, the Deputy National President of IPMAN, Zarama Mustapha, revealed that the private depots get petrol at the approved price of N148/litre from the sole importer of the commodity, the Nigerian National Petroleum Company (NNPC) Limited. in spite of that, sell it for as high as N195 to N210 to independent marketers, which is not sustainable.

”Though marketers get petrol at the approved price of N148/litre from NNPC depots, the company does not have enough storage facilities to cater to the needs of marketers, hence, the latter resorts to private depot owners. It is more of the issue of private depots collecting the products at the approved price and not selling to the independent marketers at a price approved by the mainstream, downstream regulatory authority.

DO YOU KNOW >>> Zagg redefines energy drink experience with exciting launch party

"You cannot get a product at N195 to N200 and expect to sell it at N175," he noted.

The IPMAN official said depot owners give excuses such as the cost of transporting the product from the mother vessel to their depots and escalation of the dollar as reasons for the price hike.

Mustapha lamented that most Lagos depots are in a chaotic situation and marketers spend three days to load refined petrol that they are not supposed to spend more than three hours to lift.

READ ALSO >>> Nigerian People groan over fuel scarcity, IPMAN blames private depot owners

Mustafa urged the NNPC to engage depot owners to sell the product to marketers at the recommended price, saying the common man is at the receiving end.

For weeks, vehicle owners have had a tough time getting petrol from filling stations, especially in Lagos and Abuja. Whilst many outlets are closed, the few open ones sell the indispensable commodity for as high as N250 per litre from the uniform price of N169/litre.

The supply shortage has led to long, gruelling snake-like queues at the few open filling stations as motorists and business owners jostle to buy fuel while others resort to the black market. The situation has also worsened traffic on major roads as vehicle owners block at least one lane to join queues to filling stations.

WATCH >>> Obi Cubana and E money Net Worth 2022s & Cars - Who is richer?


WATCH >>> Download Nollywood Movie: Selina Tested (Episode 28, Endgame B) FINAL

WATCH >>> Peter Obi Net Worth 2022, Biography, Cars And Houses

READ ALSO >>> SIP and the devil in the details - Emmanuel Onwubiko

READ ALSO >>> Nick Mason Net Worth 2022


For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


Tags:


COMMENTS

NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.


NO POSTED COMMENT