IPMAN wants NNPC, DPR to clamp down on private depots selling petrol above ex-depot official price

The Independent Petroleum Markers Association of Nigeria (IPMAN), Western Zone, is urging the Department of Petroleum Resources (DPR) and the Nigerian National Petroleum Corporation (NNPC) to clamp down on private depots selling petrol above ex-depot price of N 133.28k.

The Zone Chairman, Debo Ahmed, made the appeal on Friday.

Ahmed said that the closing of private depots selling petrol above government approved price by the regulatory agency became necessary to forestall the association threats to withdraw its services across Lagos State and part of Ogun State with effect from December 11.

He alleged that most private depots owned by Depot and Petroleum Products Marketers Association (DAPPMA), in Apapa, were selling petrol between N141 and N143 per litre as against ex-depot price of N133.28k.

“We urged DPR, NNPC and all other regulatory agencies saddled with monitoring of depot petroleum pricing to live up to their responsibilities by closing any private depot selling products above government’s approved price,” he said.

Ahmed further explained that due to insufficient petrol at NNPC depots, most marketers are forced to buy the product from private depots.

The IPMAN boss, however, urged the relevant authorities to urgently look into the issues to avert its members from closing their over 1,200 filling stations, which might lead to fuel crisis during the Yuletide.

However, the Executive Secretary of DAPPMA, Olufemi Adewole, denied the allegation of selling petrol above ex-depot price by its members.


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