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Home » Fuel queues: IPMAN calls for the official price of N148.18 to be enforced.

Fuel queues: IPMAN calls for the official price of N148.18 to be enforced.

by Totori News
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) reiterated on Wednesday the importance of enforcing the official price of N148.18 in order to ensure the supply of premium motor spirit, also known as petrol.

Following delays around the country that were causing unavoidable inconvenience for passengers and motorists alike, IPMAN made the decision.

According to a statement signed by IPMAN’s national President, Engr. Sanusi Fari, the Petrol marketers expressly called on the Ministry of Petroleum Resources to impose the official price of N148.18 by deploying DPR to private depots such that PMS could be accessible to the populous at the authorized government price.

According to the IPMAN boss, IPMAN members obtain PMS from private depots, which are currently selling at N155 per litre as opposed to N148.18 sold by PPMC, the sole importer.

Fari noted that selling PMS at the government-approved price range of N162 – N165 will be difficult once logistics costs are factored in.

Assuring Nigerians of uninterrupted petrol distribution across the country, IPMAN urged the leadership of NARTO and NUPENG to engage in dialogue in order to resolve the issues at hand concerning tanker drivers’ working conditions.

“We wish to thank the President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, Muhammadu Buhari, GCFR, for working trelessty in stabizing the price of PMS by issuing statements through the GMD, NNPC that there would not be any price adjustment of PMS for the month of May.

“We are equally thanking the GMD, NNPC, Mele Kyari for intervening in the face off between NARTO and PTD of NUPENG which led to non-loading of petroleum products nationwide on Monday, 19” April, 2021.

“We are appealing to the leadership of NARTO and NUPENG to tread the path of dialogue towards resolving the issues at stake concerning the condition of service of tanker drivers.

“We offer our cooperation for amicable resolution of the disagreements in their memorandum of understanding.

“On the current fuel queues being experienced within Abuja city, we make bold to say that majority of our members procure their PMS through private depots who are presently selling at N155 per litre as against N148.18 sold by PPMC, the sole importer. So, presently, it will be difficult to sell PMS at government approved price band of N162 – N165 after adding the cost of logistics. The very few marketers that bought the product at N148.18 are the ones selling within government price band which led to the queues being presently experienced within Abuja city.

“We therefore call on the Ministry of Petroleum Resources to enforce the Official price of N148.18 by deploying DPR to private depots so that PMS will be available to the populace at approved Government price” noted the statement,” the statement read in part.

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