Categories: BusinessNews

IPMAN Applies for Petrol Import Licence

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has applied for a licence to import Premium Motor Spirit (PMS), popularly known as petrol, to the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA.

IPMAN National Vice President, Alhaji Abubakar Maigandi, who made this known yesterday, added that the association was discussing with would-be suppliers of the product in Russia and Germany.

He explained that the association is struggling to get the licence for importation and had applied last week before the Sallah celebrations.

Speaking yesterday, Maigandi confirmed that some major marketers, including Dangote, have secured the petrol import licence, but their stock has not arrived in the country.

He disclosed that the removal of subsidy which has now removed depot checks has facilitated the loading of petrol at the depot.

Maigandi who noted that the NNPCL no longer sits on their payments after exit from subsidy, however, lamented that the company is yet to pay for tickets which have been outstanding during the subsidy regime.

He noted that despite several requests to the NNPCL, there has been no response yet.

VOP Lagos

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