5 December 2017

Nigeria: IPMAN Tasks DPR On Unethical Practices in Downstream Sector

The Independent Petroleum Markers Association of Nigeria (IPMAN), Western zone, has emphasized the need for the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), to clamp down private depots selling petrol above ex-depot price of N133.28k.

The Western zone Chairman of IPMAN, made the appeal in an interactive session with journalists in Lagos.

Ahmed said the shutdown of private depots selling petrol above government approved price became necessary against the backdrop of the association's threats to withdraw its services across Lagos State, and parts of Ogun State as from December 11.

He alleged that most private depots owned by Depot and Petroleum Products Marketers Association (DAPPMA), in Apapa were selling petrol between N141 to N143 per litre against Ex-depot price N 133.28k

He said: "We urged DPR, NNPC and all other regulatory agencies saddled with monitoring of depot pricing to live up to its responsibility by shutting down any private depot selling products above government approved prices.

"The increase in price of petrol by depots is killing our members because most marketers will be forced to shut down their stations if the situation continues.

"The DPR and NNPC seems to be helpless in this situation where the private depots sales petrol above. Many of IPMAN members cannot buy the petrol from NNPC depots because the product was not sufficient and not all NNPC depots that are working. Ore, Ilorin are not working, while Lagos and Ibadan are doing partial loading," he said.

Debo said due to insufficient petrol at NNPC depots, most marketers are forced to buy the product from private depots, where he alleged that they are not invoicing marketers directly, adding that they give way bills, which the prices are not indicated to cover up there atrocities.

The IPMAN boss, however urged all concerned authorities to urgently look into the issues to avert its members close down their over 1,200 filling stations, which might lead to fuel crisis during the yuletide festivities.

However, the Executive Secretary of DAPPMA, Olufemi Adewole, denied the allegation of selling petrol above Ex-depot price by its members.

Adewole, said: "Our members are selling petrol at government approved price, but we should also note that not all depot owners that are DAPPMA's member. If other non-DAPPMA members sell above ex-depot price, we don't have right over them.

"IPMAN cannot just make blanket accusation of DAPPMA selling above ex-depot price. There is no truth in what they are saying to the best of my knowledge; we are selling at government approved price, even though we are losing money.

Nigeria

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