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IPMAN advises FG on petrol subsidy savings

Vanguard News IPMAN advises FG on petrol subsidy savings On Independent Petroleum Marketers Association of Nigeria The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said the revenue gained from the removal of petrol subsidy should be used for free conversion of vehicles to gas and distribution of gas cylinders to Nigerians. Mr Mike Osatuyi, National Operations Controller, IPMAN gave the advice in an interview with  Newsmenin Lagos. He said with over 200TCF proven reserves of natural gas, Nigerians would be insulated from the rising cost of crude oil at the international market if more focus was placed on domestic gas utilisation.

Marketers call for clampdown on depot owners to avoid petrol scarcity

TODAY AHA Taxis The National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Engr. Sanusi Fari, on Thursday called on Federal Government to clampdown on private depot owners who are selling above approved ex-depot price to avoid petrol scarcity. Fari who spoke to journalists in Abuja said private depot owners were selling at N165 per litre to marketers instead of government approved N148 per litre. He urged the Department of Petroleum Resources (DPR) and the Department of State Services (DSS) to take action against the depot operators. He said the clampdown was necessary to avert imminent skyrocketing of the retail price of the price and the attendant sufferings it would bring on Nigerians.

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