NNPCL, IPMAN Reach Agreement On Fuel Price And Supply

The insufficiency of petrol and arbitrary increases being endured across the country would ease in a many days following agreement reached by Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian National Petroleum Company Limited (NNPCL). Stakeholders in the downstreamsub-sector of the oil and gas industry recently met with different security agencies in a determined effort to resolve the problem.

IPMAN’s public operations controller, Mr Mike Osatuyi, who verified the development, also said, the IPMAN isn’t planning to shut down operations following federal governments communiqué to implement N195 a liter pump price for the product.

Under the agreement, Osatuyi said, members of the association will begin to get supply directly from the NNPC.

He added that, going forward, the independent marketers, in breaking the festering insufficiency, has received assurance of direct supply of petrol from the NNPC.

The moves came on the heels of a critical meeting between NNPC, Major Marketers Association of Nigeria (MOMAN), IPMAN, Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Department of State Services (DSS) amongst others.

The public operations controller, said, the NNPC has agreed to sell petrol directly to IPMAN members at the regulated sanctioned price, rather than routing products through third parties, who had been severally fingered as being before inflated wholesale supply prices.

Osatuyi said, direct transaction of products to independent marketers “will bring down the price of the product”, noting that direct transaction of products to independent marketers will lead to immediate reversal of retail prices to regulated retail price.

He said I can tell you that the NNPC has agreed to be giving IPMAN petrol directly and not through a third party.

The federal government of Nigeria and the Inspector General of Police should call the federal task force on petroleum products to order as their recent conduct is geared towards intimidation and exploitation.

IPMAN will work with them in a peaceful and friendly atmosphere to fish out fraudulent members among IPMAN members that can be proven but not exploitative agenda.

The IPMAN on Sunday debunked imputations that marketers are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price.

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Osatuyi said it became necessary to debunk the imputation that IPMAN members planned to shut down their stations.

He said that the NNPC is preparing the logistics to start giving petrol to IPMAN members directly. He advised members to open up there stations and start selling to the public civil.

He said IPMAN is a responsible association that won’t involve in undermining the public security as petrol is a national security product.

According to him, Apart from IPMAN members loading at DAPPMAN depots in Abule-Ado, ijegun axis of Lagos has agreed to sell petrol at N172 per litre to IPMAN members as part of the civil government and DAPMAN efforts in ensuring Nigerians enjoy the subsidy regime.

He added that lPMAN will also load in NIPCO and MRS depots extensively for South West and North West part of the country in many days time.

Osatuyi said the National Union of Petroleum and Natural Gas Workers (NUPENG) must be saluted for cancelling the N3 union charges on petrol in the last two days at depots, adding that, nevertheless, government should advise NUPENG/PTD to bring down the transportation cost to colorful parts of the country where a reasonable profit will be made by the transport owners and the benefits of subsidy equally be enjoyed by the public so as to enable IPMAN members to sell at reasonable and near approved prices nationwide.


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