IPMAN calls on NNPC to give Petrol at Official EX-Deport price

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Ejigbo Satellite Depot of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Ltd. (NNPCL) to give same window given to Major Oil Marketers Association of Nigeria (MOMAN) to buy fuel at regulated depot price of 148.17 naira per litre.

Chairman, IPMAN Ejigbo Depot, Akin Akinrinade, made the appeal in Lagos on Wednesday while addressing the media on the price disparity of petrol to IPMAN members by depot owners.

Akinrinade wondered why private depots get petrol from NNPCL at official rate of 148. 17naira  per litre but sell at 220 naira per liter ex-depot price to IPMAN.

He issued a seven-day ultimatum to NNPCL to work out a concrete arrangement for IPMAN to buy fuel at regulated price of 148.17 naira per litre.

According to the chairman, this has led to an increase in the price of petrol at IPMAN stations, adding that members now sell at 250 naira per litre and above to stay in business and are no longer comfortable with it because Nigerians now see them as the black sheep.

Procyon News

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