January 27, 2023



Gas worth hike: IPMAN heaps blames on non-public depot homeowners 

The Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN), Western Zone, has accused non-public depot homeowners of being chargeable for the hike within the pump worth of Premium Motor Spirit. 

Chairman, IPMAN Western Wone, Alhaji Dele Tajudeen, mentioned the rise is because of enhance in depot worth of gasoline from N148.17 per litre to N178 per litre since final week.

In line with him, not one of the Nigerian Nationwide Petroleum Firm Ltd. (NNPC) depots has product and the non-public depots took benefit of the state of affairs  to hike the value.

“The one choice for our members is to opted for personal depots to maintain our enterprise transferring.

“We’re completely towards the rise as a result of it can have an effect on our revenue margins and the plenty.

“Some non-public depots who’ve product, intentionally, refused to promote for causes finest identified them,” he mentioned.

The IPMAN chairman mentioned that the entrepreneurs shouldn’t be blamed for the rise in pump worth, including that “promoting at N170 per litre isn’t sensible”.

Tajudeen mentioned, “Subsequently, our members don’t have any different choice than to promote between N195 and N200 per litre inside Lagos, Ogun and Oyo states, whereas we’ll promote between N200 and N210 in Kwara, Ondo, Osun and Ekiti states.

“Many of the tank farm homeowners have justified this enhance due to totally different fees, amongst which is  vessels fees paid in {dollars}.

“We’re equally calling on the administration of the Nigerian Nationwide Petroleum Firm Ltd. (NNPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to research the arbitrary enhance in gasoline worth by the non-public depot homeowners.

See also  2023: APGA guber candidate heaps accusations on Umahi 

Nevertheless, a high official of the Depot and Petroleum Entrepreneurs Affiliation of Nigeria (DAPMAN), who most well-liked to be nameless, informed NAN that the shortage was because of shortfall in product allocation from the NNPC.

The supply alleged that DAPPMA had some many efficiency invoices with the Petroleum Merchandise Advertising and marketing Firm (PPMC) which had been nonetheless awaiting cargoes to get equipped.

In line with the supply, a big portion of product allocation was given to the Main Oil Entrepreneurs Affiliation of Nigeria (MOMAN) as a result of it’s believed that they’ve giant attain of stores.

“We now have some many invoices earlier than NNPC that haven’t been allotted.

“Ex-depot worth has been between N162 and N163 per litre for entrepreneurs inside Lagos and its environs, whereas between N164 and 165 for entrepreneurs exterior Lagos like Calabar, Port Harcourt, Owerri and so forth.

“Some overseas vessels that got here into the nation refused to discharge, as a consequence of monetary challenges.

“The shortfall in product can finest be defined by NNPC and its businesses,” he mentioned.