Stop inflating fuel price, IPMAN warns private depots

Forum 11 months ago

Stop inflating fuel price, IPMAN warns private depots

The Independent Petroleum Marketers Association of Nigeria has said that it will boycott private depots that continue to sell products above the government-approved price.

This is contained in a statement by IPMAN chairman, Alhaji Bashir Dan Malam, and issued to newsmen in Kano on Friday.

They also warned marketers to desist from selling the products above the approved pump price as anyone found in the act would be sanctioned.

He expressed the need for both private depot owners and marketers to sell the product at a controlled price because they don’t pay extra money to the NNPCL before getting the allocation.

He, however, cautioned marketers to be careful with some individuals who are in the habit of using their registered filling stations to secure allocations from the Nigeria National Petroleum Company Limited (NNPCL) illegally.

The IPMAN chairman said the advice became necessary following persistent complaints from the NNPCL management that some individuals who have no business with petroleum products are in the habit of collecting fuel allocations from the company illegally by presenting names of some registered filling stations.

Dan Malam said the decision to issue the warning was taken during a meeting between the management of the NNPCL and the leadership of IPMAN.

According to him, the company had threatened to revoke the bulk purchase agreement of any marketer found conniving with such individuals to use his registered filling station to get an allocation and later resell the products to others.

The IPMAN chairman, therefore, warned those engaged in the illegal act to desist from doing so as anyone caught will be reported to security agents for appropriate action.

He maintained that the management of the NNPCL and IPMAN leadership would not fold their arms and allow such illegal acts to continue at the detriment of the genuine fuel marketers in the country.

Dan Malam in the statement commended the management of the NNPCL under the leadership of Mele Kyari for ensuring adequate supply of the products.