IPMAN TO GET PETROL DIRECT FROM NNPCL

Members of the Independent Marketers’ Association of Nigeria (IPMAN) are to get supply petrol.

Details of a major understanding between the oil giant and marketers came as stakeholders in petrol distribution chain stepped up efforts to end the lingering product shortage and soaring pump price.

As of yesterday an improvement in petrol supply was observed with queues thinning out at filling stations, mostly owned by the Major Oil Marketers Association of Nigeria (MOMAN).

The price hovered around the regulated price of N170 per litre at the MOMAN stations.
But the IPMAN outlets were still taking advantage of the situation to sell above the regulated price at between N230 and N300 per litre.

Many stakeholders confirmed yesterday that the NNPCL have agreed to new initiatives expected to break the supply glitches and close the gaps being exploited by hoarders to inflate prices.

Going forward, the independent marketers, being critical implements to the major marketers in breaking the festering scarcity, got assurance of direct supply of petrol from the NNPCL.

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