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Stats: 1,295 members, 11,634 Topics. Date: October 23, 2018, 12:47 pm

Independent Petroleum Marketers Threaten To Withdraw Services In Lagos Over Squabble With NNPC

BiafraSay Forum | BiafraSay General | #Politics* | Independent Petroleum Marketers Threaten To Withdraw Services In Lagos Over Squabble With NNPC (124 Views)

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- The association stated that it had been running at a loss for the past 8 months because the national oil corporation was selling fuel to its members above the agreed price
- The group stated that it would rather stop sales of fuel than to run at a loss, and called on President Buhari, NASS, and Governor Ambode to step in and resolve the matter
Independent petroleum marketers in Lagos state have threatened to withdraw their services from Monday, December 11, over a breach of a bulk purchase agreement to sell fuel to them at N133.28k per litre by the Nigerian National Petroleum Corporation (NNPC), NAN reports.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos state chapter, on Wednesday, November 29, said it was set for a showdown with NNPC over irregular fuel supply at the Ejigbo satellite depot. gathers that the association said its members had been running their fuel stations at a loss in the last eight months due to NNPC’s default in the bulk purchase agreement it signed with IPMAN to sell fuel to its members at N133.28k per litre.
The association said in statement signed by its state Chairman, Alhaji Alanamu Balogun; Vice Chairman, Mr Gbenga Ilupeju; and Secretary, Mr Kunle Oyenuga:
“Now, a litre of petrol is being sold to IPMAN members by Depot and Petroleum Products Marketers Association (DAPMAN) at N141, apart from running costs, bank charges and other expenses.
“This has made it impossible for IPMAN members to sell a litre of fuel at the controlled price of N145, but N146 per litre.
“While the NNPC has refused to sell fuel to members regularly, the corporation is diverting the supplies to DAPMAN at a price of N117 per litre.
“DAPMAN in turn is selling to IPMAN members at N141 per litre."
IPMAN therefore called on President Muhammadu Buhari, the National Assembly, the minister of petroleum resources, the Lagos state governor and the security agencies to address the issue.
According to the association, “If not, IPMAN members will withdraw their services and shut down all their stations in Lagos state."
It continued: “We have endured enough and are set for a showdown with NNPC for irregular supply at Ejigbo satellite depot, Lagos.”
The association said its members were in business for profit, using bank loans, and would rather stop sales of fuel than to run into bank debts or at a loss.
It noted that over 900 fuel stations were attached to Ejigbo satellite depot alone.
Meanwhile, previously reported that Olajide Olatunbosun, a member of the House of Representatives (APC-Oyo) told Nigerians who to attack for the fuel scarcity previously experienced.
The lawmaker told Nigerians to transfer their anger to independent oil marketers popularly known as the ‘cabals’, for the suffering they experienced in the country due to fuel scarcity.
Olatunbosun revealed that the removal of petroleum subsidy in January 2016 was responsible for the refusal of the marketers to import fuel into the country.

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