The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of a looming fuel scarcity in the country following increasing cost of petroleum product.
The situation has been attributed to the brewing disagreement IPMAN members and management of the Nigeria National Petroleum Company Limited (NNPCL).
Speaking with journalists in Ilorin on Friday, IPMAN national Public Relations Officer, Alhaji Okanlawon Sulaiman Olanrewaju, said the current price which the NNPC is imposing on marketers is too high and may cause another round of fuel scarcity.
The IPMAN spokesperson, who said that NNPCL wants to sell at N1,010 to marketers, added that the price is even higher than what it sells at its outlets.
“The problem IPMAN is facing in the downstream oil sector is confounding. We realise that what NNPC is imposing on us is too much. NNPCL is the sole off taker from Dangote oil refinery and the amount the NNPCL wants to sell to us is too high.
“NNPC wants to sell at N1,010 to IPMAN. This price is even higher than what NNPCL sells at their retail outlets after including transportation cost. That’s a very difficult situation they are putting us in.
“We may not be able to survive in that kind of situation because we’ll have to sell to the same members of the public. Definitely, it’s like they want to tag us as bad marketers”.
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