Nigeria may face another round of fuel scarcity if the marketers' subsidy claims are not paid on time, Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned.
IPMAN said the Nigeria National Petroleum Corporation (NNPC) is yet to pay the Petroleum Equalisation Fund (PEF) their claims.
The Administrative Secretary of Independent Petroleum Marketers Association of Nigeria (IPMAN), Malam Isyaku Usman said that members of his association are running at loss.
To this end, he said there members are being forced out of business and if the trend continues it may lead to shortage in supply of fuel.
Speaking to Daily Trust in Kano yesterday, the scribe said that the current price regime and operational cost are posing dangers to their business as many of them might likely be forced out of the business.
"The hard hit in this situation is we the independent marketers that retail this product. We the retailers that sell directly to consumers don't make any profit from these products we get from Lagos ," Usman said.
He said: "We should know that NNPC has a control of about 20 percent of these products, while the remaining is controlled by major oil marketers.
"We buy from NNPC at N55.90k, and this means that N9.10k for transport cost, while 0.88k for funds contributed to Petroleum Equalisation Fund. Loading expenses will be N1.40k, in addition to station expenses. All in all, you will arrive at N67.28k," he said.
He noted that government expected them to sell the petrol at N65 per litre, while each litre costs them N67.28k.
"How do we even sell at breakeven, let alone make profit in retailing the product? Who will pay us the shortfall of over N2 in each litre?"
The IPMAN scribe noted that although they got transport claim from PEF after six months or even a year, the money they get from PEF were merely arrears payment. "So how do they expect us to survive in this situation?" he said.
Usman said they buy Premium Motor Spirit (PMS) at N68 per litre, but they are forced to sell the product at the officially approved rate of N65 per litre.
He therefore called on the NNPC to release the funds to PEF for onward settlement of their claims. According to him, the price template is very unfavourable to the business.
Usman then said they didn't normally wait for a short time solution to their problem. "What we needed is a long time plan that will cushion the effect of fuel scarcity in our country," he added.
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1. The Bakken Oil Field Find
2. 55 gallon drums fulls of unprocessed diamonds.
* These are just a few of the suppressed world riches this beautiful world created by God (Jehovah, Father of Jesus Christ)..
3. Minister Lindsey Williams has known for 30 years of a major oil find in Alaska.
* He says that he sat in on meetings of the rich and powerful. These men decided not to use this oil to help America.
* Beware Africans, the wolves of deception are always around riches.
* Hosea said we perish for two reasons. Most people only remember one reason why we perish.
- Hosea said MY PEOPLE PERISH FOR LACK OF KNOWLEDGE
- AND because they REJECT KNOWLEDGE
- In other words, they DONT KNOW & THEY DONT WANT TO KNOW !!!!
4. For those who want to know I suggest you guys who can get the Internet do these things :
a) Listen to broadcasts like : Alex Jones (Infowars), Derry Brownfield, The Power Hour
(Joyce & Dave), Jeff Rense, and other broadcasts on the Genesis Communications Network.
b) Heres an appetizer of information on the subjects I have just written on :
Do a search use IX Quick search engine .They dont record your computers address ; protect your privacy [ http://ixquick.com/]
Here are three(s) separate subjects that I mentioned that you can search for
(i) Bakken Oil Field Find
(ii) Lindsey Williams (YouTube videos)
(iii) Janine Roberts :Glitter & Greed : The Secret World of The Diamond Cartel
Our only enemies are in Hell , waiting for their life-sentence of damnation.
You are in my prayers. Pray for each other too
Have Faith in God and Love for each other. May The Lord God Bless You real good
[This inspiring poem was featuring in the movie Coach Carter ]
Our Deepest Fear Is Not That We Are Inadequate, Our Deepest Fear Is That We Are Powerful Beyond Measure. It Is Our Light , Not Our Darkness That Most Frightens Us.
We Ask Ourselves, Who Am I To Be Brilliant, Gorgeous, Talented, And Fabulous ?
Actually Who Are We Not To Be ? You Are A Child Of God.
Your Playing Small Doesnt Serve The World.
There Is Nothing Enlightened About Shrinking So That Other People Wont Feel Insecure Around You.
We Are All Meant To Shine, As Children Do.
We Were Born To Make Manifest The Glory Of God That Is Within Us.
Its Not Just In Some Of Us; Its In Everyone.
And When We Let Our Own Light Shine We Unconsciously Give Other People Permission To Do The Same.
And As We Are Liberated From Our Own Fear, Our Presence Automatically Liberates Others
- Marianne Williamson -
[NOTE BEING AFRAID AND REFUSING TO GET INVOLVED WONT STOP US FROM DYING. BUT BEING AFRAID CAN PREVENT US FROM LIVING]
(Nkosi Sikeleli Africa )
God bless Africa May her glory be lifted high Hear our petitions .
God bless us, Your children God we ask You to protect our nation Intervene and end all conflicts Protect us, protect our nation, our nation.
From the blue of our heaven, From the depths of our sea, Over our eternal mountain ranges, Where the cliffs give answer.
Sounds the call to come together, And united we shall stand, Let us live and strive for freedom, In South Africa our land.
[Enoch Mankayi Sontonga]
[http://www.infowars.com/infowars.asx] / [gcnlive.com] / [http://alexjonesringtones.net/]
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
BE SELF-SUFFICIENT IN THE KINGDOM OF HEAVEN.
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ]