Oil & Energy

Fuel Scarcity: IPMAN Debunks Strike Rumour

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said its members would not embark on a nationwide strike as being speculated.
IPMAN’s National  Operations Controller, Mr Mike Osatuyi, gave the assurance in an interview with  The Tide’s source in Lagos.
Osatuyi said it became necessary to debunk the insinuation that lPMAN members planned to shut down their stations.
According to him, the Nigerian National Petroleum Company Ltd. (NNPCL) is committed  to selling directly to IPMAN members at official rate of ex-depot price.
He said the backlog of IPMAN members’ tickets, which was over 2,000 presently, was being cleared.
Osatuyi said: “Nigerians should not engage in any panic buying as we are entering Christmas period.
“Our wide network nationwide makes us the perfect outlets to ensure sustained distribution of petroleum products across the country.”
The Tide source reports that on Dec. 10, the Ogun State chapter of IPMAN threatened to shut down all its outlets across the state over an ultimatum issued to marketers by the Department of State Security (DSS).
The DSS had directed all petrol stations nationwide to sell fuel at the regulated price, and threatened to shot down defaulting stations.
The source further reports that in Lagos metropolis queues are gradually easing off in some filling stations.
Only the major oil marketers are selling petrol at regulated price between N169 and N170 per litre, while staions belonging to Independent marketers still sell between N220 and N260.
The source also observed that selling of petrol on highways, “black market” is gradually coming to an end, and massive loading of petroleum products is going on at Apapa and dockyard depots by marketers to various states.
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Ahmed Farouk, also assured Nigerians of sufficient petroleum products during the yuletide season.

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