Lagos — The Independent Petroleum Marketers Association of Nigeria, IPMAN, says selective supply to private fuel depots is making it impossible for petrol to be at the government upper price band.
The association disclosed this in a statement by its president, Alhaji Debo Ahmed,
Ahmed, who urged the government to make sure the Nigerian National Petroleum Corporation, NNPC, always held enough petrol stock, commended the Federal Government for the suspension of the planned removal of the subsidy on petrol.
He said the association wanted the government to first repair the four NNPC-owned refineries and them to function optimally before the removal of fuel subsidy.
“The leadership of Independent Petroleum Marketers Association of Nigeria (IPMAN) commends the Federal Government for the suspension of the removal of fuel subsidy. We reiterate our position that the four nations’ refineries be repaired and allowed to function optimally before the removal of fuel subsidy.
“We also use this opportunity to call on the federal government to resume the supply of petroleum products to NNPC depots nationwide as against the selective supply to private depots making it impossible for the product to be sold at the government upper price band,” he said in the statement.
He pleaded with the government for the settlement of marketers’ outstanding transportation claims, saying: “Our huge funds are tied up with PPMC Ltd, a subsidiary of NNPC, where members pay for NNPC products supplied to their depots. We are equally pleading that marketers transportation claims be paid to allow members remain afloat in business.”
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