Fuel Scarcity: IPMAN Decries Profiteering At Private Depots

The national secretariat of the Independent Petroleum Marketers Association of Nigeria, (IPMAN) has called on the government to address the issue of profiteering by private depots owned by members of the Depots and Petroleum Products Marketers Association, (DAPPMA).

The body also urged the management of the Nigerian National Petroleum Company Limited, (NNPCL) to take more than passing interest in activities at DAPPMA.

National President of IPMAN, Debo Ahmed and National Publicity Secretary, Chinedu  Ukadike made the observation in a joint statement made available to newsmen.

The two national officers expressed concern over the sale of petroleum products to members of IPMAN above the NNPCL approved template of N148.00 which they noted was inimical to their survival.

While he agreed that its members would stick to the government approved price of N165.00 per litre at retail outlets across the country, Ahmed called on the NNPCL to save his members from the excesses of (DAPPMA).

He said:”The government is doing nothing about the private depots that are violating the system by selling higher.

“IPMAN members had suffered a lot in the hands of private depot owners.



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