Fuel scarcity throws buyers into panic

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OrijoReporter.com, Independent Petroleum Marketers Association of Nigeria

Fuel queues have resurfaced in some cities, among them, Lagos, Ilorin, Benin City and Sokoto as reports attributed the queue to Independent Petroleum Marketers Association of Nigeria (IPMAN).

Read also: Fuel shortage crisis looms large as Petrol tanker drivers threaten nationwide strike

It said the marketers have embarked on strike over claim that there was an increase in pump price.

The marketers claimed they bought petrol at N142 per litre from depots, and the Petroleum Products Association of Nigeria(DAPMAN), adding that the price has left them with little or no gains.

They said they had asked the Nigerian National Petroleum Corporation, NNPC, to intervene and impress it on DAPMAN to bring down the price but their request was not considered.

“The queue in some parts of the country, is a pointer to the fact that major one is coming, in the event the Federal Government is unable to avert it.  We really  want the NNPC to resolve the problem between the marketers and DAPMAN once and for all.

“We cannot continue to buy fuel at N142 per litre from DAPMAN while NNPC, which remains the only importer of fuel in Nigeria, is selling to DAPMAN at N133. 28 per litre. The margin is too high,” IPMAN South-West Chairman Debo Ahmed was quoted as saying in several publications.

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