Tuesday, August 2o, 2024 -The Independent Petroleum Marketers of Nigeria (IPMAN) has revealed that NNPC for the last three years NNPC hasn't supplied petroleum products to them as they now buy petroleum from private depots at a price of about N850.
Fuel scarcity has re-emerged in major cities
such as Lagos and Abuja, with vehicles lining up at the few filling stations
selling petrol on Monday and Tuesday.
IPMAN, whose members include a large share
of Nigeria’s filling stations, accused the Nigerian National Petroleum Company
(NNPC) Limited of not supplying sufficient products to its members attributing
the current fuel scarcity to the lack of supply from NNPC.
“There is no supply anywhere. The
available supply is poorly distributed. We have been raising concerns about
this for a long time. " The Chairman of IPMAN, Ore Depot, Shina Amoo, told
Channels TV on Tuesday, August 20 in Lagos.
“The products we are selling, we are
getting them at a premium. Virtually, all the locations we are buying the
products from, they sell to us at the prices they wish to sell from the
neighbourhood of N750 to N850 all depends on the depots you’re buying from.
“We have
been sorting from the private depots over the years. Instead of getting the
product from NNPC at the rate of five sixty-seven. None of us could get
products from NNPC for the past two to three years,” he said.
He added that even if NNPC agrees to sell to
marketers, there is a five-month wait for delivery, rendering the transaction
ineffective.
“If we could
get any from NNPC when you pay your draft today, you may end up picking that
product in the next three to five months so the profit would have been eroded
away. So we all prefer to have been lining up in any private depot. The private
depots sell at N830 to N850, that is the situation for now,” Amoo added.
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