Lagos — The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Thursday said they lost N90 million in one day to the #ENDSARS protests.
The Public Relations Officer, IPMAN, Chief Chinedu Ukadike, said the loss was recorded after three petrol tankers with products belonging to oil marketers were set on fire in Warri, Delta State.
He had announced the development, saying: “The protesters are burning our petrol trucks as we speak right now in Warri. They are burning three trucks. The cost or value of the content in those trucks is about N90m.
“That is outside the worth of the trucks that are being burnt. This is why we asked our tanker drivers to park or temporarily halt the movement of products.”
According to him, there has been repeated attacks on their trucks by hoodlums exploiting the #EndSARS protests.
Oil marketers have now asked petroleum tanker drivers to temporarily suspend the movement of petrol, diesel, Liquefied Petroleum Gas, among others, as a result of the #EndSARS protests in various locations nationwide.
Ukadike explained that the decision to pause movement of petroleum products was to avert any disaster that could arise from the vandalism of oil tankers by angry protesters.
“That advise on the temporary halt of tankers movement was vital, particularly for volatile locations where protesters are highly aggressive. So that is what is happening now in Warri, the petrol trucks of oil marketers are being burnt,” he stated on Thursday.
The IPMAN official urged the Federal Government to dialogue with protesters, adding that protests should be carried out in designated areas to avoid the destruction of public infrastructure.
He said there was need for government to empower a team that would adequately address the concerns of protesters.