Business
IPMAN Blames Fuel Price Hike On Charges
The Independent Petro
leum Marketers Association of Nigeria (IPMAN) has blamed the increase in the price of fuel in parts of the South East on charges by private depot owners.
The Chairman of the Enugu Zone 1 of the association, comprising Anambra, Enugu and Ebonyi, Chief Linus Mgbakaogu, told newsmen in Awka that the NNPC depots provided skeletal services at the government regulated prices.
Mgbakaogu said the skeletal loading at the NNPC depot had resulted to the scarcity of the products at major filling stations within the South East.
He also urged the NNPC to urgently revamp the Enugu depot to ease the distribution of petroleum products in the zone.
The IPMAN zonal chairman assured consumers in the area that efforts were on to normalise the price and availability of the products.
“All private depots in the country are selling products at between N110 and N115 per litre. NNPC is selling at government price but due to skeletal loading, most marketers cannot get product from there; so we go to these private depots to get so that we can service customers.
“We have concluded discussions with NNPC so that we can get intervention supplies. So we are appealing to customers to bear with us in the meantime as things will revert to normal soon,” he said.
Meanwhile, the price of petrol in Awka and its environs has remained N130 in most of the filling stations.
The NNPC mega station outside the state capital with long queue of motorists is the only station offering fuel at the regulated pump price.
A marketer, Mr Benjamin Abimaje of Femas filling station, Awka said he got his supply at N122 per litre from private depots.
“The sales volume has reduced drastically because customers are reacting negatively but we cannot sell below purchase price.
“It now takes longer time to get delivery after payment, may be because there is shortage of supply at the depots. It’s difficult getting supply at NNPC which is selling at normal price,” he said.
Transport
Automated Points Concession : FAAN Workers Gave 72hrs To Revise Decisions In PH
Transport
FAAN Announces Pick-Up Points for Go-Cashless Cards
Business
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
-
News4 days agoAmend Constitution To Accommodate State Police, Tinubu Tells Senators
-
Politics4 days agoSenate Urges Tinubu To Sack CAC Boss
-
Business5 days ago
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
Business4 days ago
President Tinubu Approves Extension Ban On Raw Shea Nut Export
-
News4 days agoDisu Takes Over As New IGP …Declares Total War On Corruption, Impunity
-
Business4 days ago
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
-
Business5 days ago
President Tinubu Extends Raw Shea Nuts Export Ban To 2027
-
Sports4 days ago
NDG: Rivers Coach Appeal To NDDC In Talent Discovery
