Independent Petroleum Products Marketers Association of Nigeria (IPMAN) has suggested measures to end the prolonged scarcity of petrol nationwide.
The independent marketers called for massive importation of petrol, deregulation of the petroleum sector, and for Nigerian National Petroleum Corporation (NNPC) to restrict itself to regulating the sector.
IPMAN’s south west zonal chairman, Debo Ahmed, who made the call in an interview with newsmen in Ilorin, explained that the petrol scarcity will persists because NNPC lacks the capacity to meet the country’s demand for petrol.
Ahmed said, “The fuel scarcity will persist for sometime because the NNPC, as sole importer, distributor and retailer, has no capacity to meet the country’s demand for petrol. That is a very dangerous monopoly that could destroy the economy.”
Ahmed also blamed the scarcity on the alleged maldistribution of petrol being imported by NNPC.
He explained that IPMAN which controls 80 per cent of the filling stations in the country is being allocated only 30 percent of imported petrol, while, 50 per cent of the product is given to NNPC retail filling stations.
“IPMAN with 80 percent share of the market is allocated 30 per cent share of the products in all functioning government depots in the country.
“With this distribution pattern, the NNPC and the Petroleum Products Marketing Company (PPMC) are strangulating IPMAN because the gates to a lot of our marketers stations are locked up.
“Most of the imported petrol are given to depot owners under the PFI system to sell to independent marketers at a controlled price of N133. 28 but private depot owners will sell at N160 or N162, which is above the regulated price.
“Again, most of our marketers have been rendered useless, while many others have laid off their staff. Many others now have problems with their bankers,” he stated.Please subscribe to our newsletter