OIL AND GAS
Group Managing Director of NNPC, Maikanti Baru (middle) displaying jerrycans full of PMS which was seized from black market sellers to pressmen in Abuja during one of his routine inspection of a NNPC mega filling station in Abuja recently.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has insisted that its members, who comprise of filling station owners, can no longer sell petrol at N145 per litre, arguing that most petroleum tank farms are still selling the product far above the federal government recommended price.
Findings conducted round some of the depots in Apapa, Lagos revealed that all the depots sell above ex-depot price of N133.28.
For example, NIPCO sells at N160; Chipet, N162; Rahamaniyyah, N152.50k; Obat, N152; Aiteo, N160; A.A Rano, N160.
Alhaji Raimi Tayo, Chairman; Ibadan Depot of IPMAN last week appealed to the government to clamp down on depot owners who sold above ex-depot price to marketers. He condemned government directives asking marketers to source for the product at private depots.
“We have appealed to the government through the NNPC to pump enough products to the depot so that marketers can be in business.
“As at this morning, private depots are selling at N158 per litre as against the government-regulated ex-depot price of N133.28 kobo,’’ he said.
According to him, although members of the public accuse marketers of selling above the official pump price, there is no way marketers will sell petrol at N145 per litre at filling stations when the product is sold for between N158 and N162 per litre at private depots.
The IPMAN chairman appealed to the NNPC to make petrol available to marketers at depots to ease distribution to hinterlands. He said that petrol allocations by the Nigerian National Petroleum Corporation (NNPC) to Ibadan Depot were grossly inadequate and independent marketers hardly loaded 12 trucks daily.
Tayo said that the situation was causing scarcity of petrol in the hinterlands. According to him, the depot which usually loads six million litres on daily basis has reduced the loads to 400,000 litres per day.
He said that the development affected business activities of independent marketers. He alleged that the Federal Government gave more attention, in terms of product allocations, to private depots.
“Petroleum products allocation to Ibadan Depot was grossly inadequate.
Tayo said that pipeline vandalism and inadequate pumping of petroleum products from System 2B – at Mosinmi – to Ibadan was also a challenge.
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