Lagos IPMAN threatens shutdown of their filling stations

Lagos IPMAN threatens shutdown of their filling stations

*Accuses depot operators of inflating depot price of petrol

Independent Petroleum Products Marketers Association of Nigeria (IPMAN) have threatened to shut their filling stations in Lagos metropolis and surrounding communities within the next few days.

The marketers say they will change their mind only if the private depots are ready to sell petrol to them at approved price.

The association explained that the NNPC supplies the private depots at controlled prices, yet the private depot owners refused or ignored the Federal Government’s fixed price.

It explained that if a litre of fuel is bought from the depots, it would take N3.00 to transport it to their fuel station, apart from paying staff salaries, bank charges and interests and all other expenses.

“If an IPMAN member, buys a tanker of fuel at the rate of N4,752,000, he can only make a profit of N33,000 out of which bank rates and interests, and staff salaries will be paid plus other  logistics.

“To worsen the situation, the DPR knows all these facts, yet, it turned its eyes away and begin to intimidate and extort money from IPMAN members for alleged under-measures which is not true”.

The state chairman of IPMAN, Alhaji Ayo Alanamu, accused the private depots of selling a litre of petrol to their members at N141, instead of the Nigerian National Petroleum Corporation (NNPC) approved price of N133.28.

He also accused officials of the Department of Petroleum Resources (DPR) of extorting members of the association.

Last week, IPMAN chapter at the Mosinmi depot, asked NNPC to resume pumping of petrol to the depot to save them from the private oil depot operators in Lagos, or they will stop selling petrol in the South West.


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