Petrol Marketers Threaten Shutdown Over N200bn Debt

Five days after NNPC Limited assured consumers that it had resolved logistic challenges that caused the present scarcity of petrol, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has threatened to shut down operations over failure by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to pay about N200 billion bridging debts owed its members.

Checks around the Federal Capital Territory and Abuja city centre today, showed that the shortage in petrol supply had not eased as several filling stations remained shut with long queues seen at the few outlets opened to the public.

Black marketers continued to have a field day, selling the product in kegs and jerrycans for N1,200 per litre.

Speaking to journalists in Abuja, members of IPMAN Depots Chairmen Forum said all efforts made to get NMDPRA to refund their petrol bridging claims in the last two years have yielded minimal result.

Earlier today VOP News visited certain fuel stations finding long queues and disgruntled citizens.

We spoke to some commuters and transporters about their experience trying to buy petrol for the past few days.