The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is impossible to continue the sale of Premium Motor Spirit (PMS) at N145.
Speaking yesterday in Abuja, the Vice President of IPMAN, Abubakar Shettima, said members of the association now buy products at ex-depot price of about N162.00 instead of the official price of N133.28 per litre.
Shettima said marketers, who have paid the NNPC for products are running at a loss daily because products were not delivered to them.
He debunked allegation by the NNPC that marketers were diverting products, insisting no marketer under the association would divert product when they are unable to meet demand from their stations.
The Guardian, February 9, 2018
RipplesNigeria… without borders, without fears
Join the conversation
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...
INVESTIGATION…PARKVIEW ESTATE: Exclusive images of how billionaire property developer incurred Lagos govt‘s anger
Many have seen the demolished building, but not many know the circumstances that led to the teardown of the about...
INVESTIGATION… N.3bn down the drain, as Enugu communities suffer from dry taps
In November 2020, three organizations and the Enugu State government celebrated the completion of N300 million worth of projects that were expected...
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....