Fuel
IPMAN to NNPCL: Sell Petrol To Us Below N900 Or Refund Our Money
The nation’s petrol marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are demanding that the Nigerian National Petroleum Company Limited, NNPCL, sell fuel to them below N900 a litre or give them a refund of their money.
The National President of IPMAN, Abubakar Shettima, who stated this, said the NNPC should sell petrol to its members at the same rates offered by Dangote Petroleum Refinery.
Shettima, who spoke on Thursday on Channels Television, also insisted that the NNPCL should refund money owed the oil marketers, which have been held by company for the past three months.
According to him, the financial strain that the prolonged delay in refunds had placed on petroleum marketers was huge and demanded the NNPC to take immediate action regarding this.
“Our major challenge now is that already, we have an outstanding debt by the NNPC and the company collected product through Dangote refinery at a lower rate — not up to N900.
He said, “Presently, our money has been with them (NNPC) for almost three months.
“But with the recent changes, we have requested that they sell to us at Dangote price or return our money. That’s the current situation and is the reason for the scarcity. We started negotiation yesterday.”
He said the IPMAN members have been directed “to buy the product from them at the rate of N1,010 in Lagos, N1,045 in Calabar, N1,050 in Port Harcourt, and N1,040 in Warri”.
He said the NNPC’s stance that marketers should buy petrol directly from the Dangote refinery us displeasing.
“We have a problem with that because already, we buy products from them.
“So when they made this increment, they told us to add money and buy above what Dangote is selling products to them.
“That is the reason we told them to return our monies to our banks so that we can go directly to Dangote refinery and buy, if that’s the case.
“The NNPC does not sell on credit and we buy products ahead of loading. Anytime they have products, they will call us to collect our products,” he said.
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