Why petrol queues persist despite increased pump price – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the queues at petrol retail outlets have not diminished because the supply has not matched the demand for the product.

IPMAN President Debo Ahmed said the inadequate supply of the product from the Nigerian National Petroleum Company (NNPC) Limited to the retail outlets was also responsible for the scarcity that caused the queues.

Recall that last week, retail outlets increased the pump price of petrol from N165 per liter to N175 per liter.

However, Ahmed said logistics, such as good access roads and lack of prompt payment of bridging claims from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), were also hampering the distribution of petrol, also called the Premium Motor Spirit (PMS).

The IPMAN president said since the country relies on imported petrol, any break in the supply of the product could cause queues to spring up at the filling stations.

Advising the NNPC to bridge the supply gap, the union leader insisted that the situation must have resulted from the insufficient supply.

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