Petroleum products reacting to market forces IPMAN Spokesman
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By: Abayomi Adeshida, Abuja
National Public Relations Officer, for the Independent Petroleum Marketers Association of Nigeria, IPMAN, Alhaji Yakubu Suleiman has described the sudden increase in the pump price of premium motor spirit, PMS, and the scarcity that is creeping on Nigerians as a clear reaction to market forces which was beyond the control of both Major and Independent Marketers in the country.
The Spokesman told journalists in Abuja yesterday in a swift reaction to the scarcity of products which was observed as fuel stations were gradually locking their gates to customers due to the exhaustion of their supplies for last week.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pledged to support the Nigerian government’s policy on the National Gas Expansion Programme (NGEP).
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Tunde Oyekola, Ilorin
Independent Petroleum Marketers Association of Nigeria, Kwara State chapter said its members would from Friday suspend the sale of fuel to members of the public in the state.
The association said its action was informed by the recent unfriendly policy of the Pipelines and Product Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation.
Addressing reporters in Ilorin, the state capital, NNPC Depot chairman of the association in Ilorin, Alhaji Abdullateef Kamaja, said stakeholders were not duly consulted before the new policy of e-payment was rolled out.
He said, “The NNPC also directs marketers to provide some other prerequisites like bulk purchase agreement renewal. The procurement involves high cost and a lot of bureaucratic bottlenecks.”
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Home » Arewa Voice » Fuel scarcity looms in Kwara, as IPMAN plans to stop distribution of petroleum products
Fuel scarcity looms in Kwara, as IPMAN plans to stop distribution of petroleum products
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By Demola Akinyemi
SCARCITY of petroleum products may hit residents of Kwara State as from this weekend as the state chapter of Independent Petroleum Marketers Association of Nigeria, IPMAN, said its members will from today suspend sale of fuel and petroleum products to members of the public in the state.
The association said its action is informed by the recent unfriendly policy of the Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC.
The Ekiti State government, on Thursday, warned residents against stocking petroleum products in homes and business areas, noting that such could lead to