IPMAN Lauds PPPRA’s Planned Sanctions On Erring Marketers

The Independent Petro
leum Marketers Association of Nigeria (IPMAN) has lauded the Petroleum Products Pricing Regulatory Agency (PPPRA) for threatening to sanction marketers   selling above the official pump price.
The National President of the association, Alhaji Aminu Abdulkadri, gave the commendation while speaking with newsmen in Lagos recently.
Abdulkadri said that the leadership of IPMAN would join other agencies in fighting any marketers selling petrol above the official price of N 97.00 per litre.
He said IPMAN had set up a nationwide monitoring team that would clamp down on filling stations that were found selling above the official pump price.
The association president said that IPMAN had been at the vanguard of ensuring that the product, meant for the local people, was sold at the approved price.
“My members are always upright, but that does not mean we don’t have bad eggs among us.
“We are trying our best to ensure total compliance by our members, we support the pronouncement and decision of PPPRA to sanction erring marketers,’’ he said.
The Tide reports that the management of PPPRA, on Feb. 26, 2014, warned marketers not to sell petrol above the official pump price of N97.00 per litre.
The PPPRA Executive Secretary, Mr Farouk Ahmed, said that some marketers were already hoarding fuel in anticipation of any announcement of an increment in the pump price.
The agency, he said, had not increased the price of petrol nor had any intention to do so.
“PPPRA hereby directs all marketers to release for sale the products in their tanks and depot at the officially approved pump price.
“To ensure compliance, DPR and PPPRA will work to monitor the situation at retail outlets and will not hesitate to shut down any station hoarding products or selling above the official pump price.”
The PPRA boss advised Nigerians to shun panic buying, adding that the agency had sufficient stock of the product.