Economy

IPMAN Urge Federal Government to Make Petroleum Products Available to The Masses

todayJanuary 4, 2023 30

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The Independent Petroleum Marketers Association of Nigeria, IPMAN has called on the Federal Government to make petroleum products available to the masses.

The Chairman of Enugu Depot of IPMAN, Chinedu Anyaso, while speaking to newsmen on the high cost of fuel in the South East, explained that a litre of fuel sells for as high as N350 in some petrol stations in Anambra State, while some dispense at N300 which a far cry from the federal government 185 Naira per litre approved pump price of the product.

Anyaso lamented that the National Petroleum Company NNPC, Limited has not been supplying fuel to independent marketers for a very long time, which has led the group to resort to sourcing for the product from private tank farm owners who sell at very outrageous cost.

The IPMAN boss blamed the latest scarcity and high cost of the product on the NNPC who has the monopoly of refining and importing the product into the country but has not lived up to expectations, stressing that if the NNPC had imported enough products as they always claim, petrol would be available and thereby force the price of the commodity to reduce.

Speaking on how the scarcity of petroleum products could be solved, Anyaso said there was need to resuscitate all the refineries across the country, and the Federal Government should come out clear on the issue of fuel subsidy to enable Nigerians plan their activities.

Written by: urbanradio042

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