Petrol Scarcity Looms In Lagos

As IPMAN Threatens Strike

The possibility of fuel scarcity in Lagos and its environs looms as the Lagos chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to embark on a two week warning strike over the exorbitant pricing of petroleum products by private depot owners and extortion by the Department of Petroleum Resources (DPR).

The association threatened to shut down all 2,000 fuel stations of its members in Lagos State and environs. The association stated this in a statement signed by its chairman, Alhaji Ayo Alanamu, and General Secretary, Prince Kunle Oyenuga.

IPMAN said private depot owners were supposed to sell fuel to its members at N133.28/litre as directed by government and they in turn would sell to the public at N145/litre. It went on to say the depot owners were disregarding government’s directive and selling to its members at N141/litre.

The association explained that the NNPC supplied the private Depots at controlled prices, yet the private depot owners have refused to comply with the Federal Government’s fixed price.

“If an IPMAN member, buys a tanker of fuel at the rate of N4,752,000, he can only make a profit of N33,000 out of which bank rates and interests, and staff salaries have to be paid plus other  logistics.”, the statement read.

“To worsen the situation, the DPR knows all these facts, yet, it turned its eyes away and began to intimidate and extort money from IPMAN members for alleged under-measures which is not true.”, the statement continued.

IPMAN said its members had been running their businesses at a loss and could no longer bear the losses, hence its decision to embark on a two week warning strike to bring the issues to the attention of the government and the public.

The association has given the Federal Government, DPR, NNPC and PPRA two weeks, beginning from March 1 until March 15, 2017 to intervene in the issues tabled. It said failure to do so would see its members withdraw their services and shut down all 2000 fuel stations in Lagos and its environs.

IPMAN also urged the NNPC to open all the NNPC satellite depots in Ejigbo, Mosimi Ikorodu, Ibadan, Ore and Ilorin to ease fuel supply to its members in these locations.

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