Business

Fuel scarcity: NNPC makes U-turn on IPMAN

Published

8 years ago

December 27, 2015

To forestall the lingering fuel crisis across the country, especially in the yuletide, the Nigerian National Petroleum Corporation (NNPC) on Christmas eve supplied the petroleum motor spirit (PMS) to marketers, theIndependent Petroleum Marketers Association of Nigeria (IPMAN) has said.

According to Comrade Mike Osatuyi, IPMAN’s National Operation Controller, the NNPC started massive supply of petrol to members since December 24 to address the lingering scarcity across the country.

Over 300 trucks of PMS, he said, were supplied by NNPC with NIPCO, Capital Oil and others benefiting.

The NNPC, which has been shying away from supplying fuel to IPMAN retail outlets for lack of confidence and irregularities carried out in most of the stations, soft pedaled in order to bring the current supply situation under control, Osatuyi said.

“IPMAN members own and control about 84 per cent of the retail outlets in this country, so now that the government is ready to work with us, we too are ready to work with them. If they give us the fuel, we sell it. NNPC can only supply 52 per cent of our national need. I understand and have confirmed that they have stepped up importation to bridge the gap. I believe they will sustain the intervention. If they sustain it, we are ready to sell to the public”, he said.

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