DAILY TRUST
Petrol marketers Monday gave more insight into the root causes of the lingering scarcity of the product across the country.
The Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, Akin Akinrinade, said most of the private depots in Lagos were not selling, while those selling were doing so at “outrageous prices.”
He said only the Nigerian National Petroleum Company Limited (NNPCL) could tell Nigerians when the current scarcity would end.
He said some stations were selling the product for as high as N750 and N800 per litre, stressing that those selling at N720 per litre must be dispensing the old stock.
“Our depot, the satellite depot, which is the biggest in the South-West, has been abandoned and that is the only depot that can address supply issues in the South-West; but you go there now, it is like a forest,” he told one of our reporters.
IPMAN’s National Secretary, John Kekeocha, who spoke on Channels Television yesterday, however said many stations had started taking supply after the NNPCL had addressed the logistics challenge.
He said: “It is only NNPC Ltd that supplies the product. Based on the logistics, all other marketers take supply from them. The explanation they gave us was that there is a small problem with logistics which has been sorted.”
