IPMAN: Depot owners profiteering from fuel scarcity

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has accused the Federal Government of not stopping Products Depots Operators (PDOs) from selling fuel to its members above the official template of N165 per liter.

Therefore, it called on the Nigerian National Petroleum Corporation(NNPC) Limited to intervene because the PDOs were profiteering from the scarcity of fuel in parts of the country.

It is important to note that private depots are owned by members of the Depots and Petroleum Products Marketers Association, (DAPPMA).

The association, however, said in a statement yesterday by its National President Debo Ahmed and National Publicity Secretary, Chinedu Ukadike, that they would continue to sell fuel at N165 per liter even though they buy from the private depots between N169 and N170.

The statement reads: “The government is doing nothing about the private depots that are violating the system by selling higher.

“IPMAN members have suffered a lot in the hands of private depot owners. We appreciate the efforts of NNPC Limited to make the product available but you cannot rob Peter to pay Paul.

“We have suffered a lot of setbacks based on the cost of diesel.

“We aren’t saying there is non-availability of petroleum products, but what is available isn’t sufficient. The cost of diesel has also increased.”



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