The Independent Petroleum Marketers Association of Nigeria( IPMAN) has called on the federal government to to revitalize the nation’s of four refineries to give way to the removal of the subsidy on petroleum products.
The IPMAN President, who noted that selective supply to private depots is making it impossible for the product to be sold at the government prices, also urged the Federal Government to ensure availability of petroleum products to the Nigerian National Petroleum Company Limited depots across the country.
According to the stayemt, ‘The leadership of Independent Petroleum Marketers Association of Nigeria (IPMAN) commends the Federal Government for the suspension of the removal of fuel subsidy.“
“We reiterate our position that the four nations’ refinery be repaired and allow to function optimally before the removal of fuel subsidy.”
“We also use this opportunity to call on the federal government to resume the supply of petroleum products to NNPC depots nationwide as against the selective supply to private depots making it impossible for the product to be sold at the government upper price band.”
“Our huge funds are tied up with PPMC Ltd, a subsidiary of NNPC, where members pay for NNPC products supplied to their depots.”
“We are equally pleading that marketers transportation claims be paid to allow members remain afloat in business,” Ahmed stated.
He demanded payment of oustanding Bridging Claims owed marketers by the defunct Petroleum Equalisation Fund now operating under the name, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
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