The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Thursday, informed Nigerians to get prepared to buy fuel or petrol at any price.
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The marketers complain that following the Nigerian National Petroleum Company Limited (NNPCL) refusal to give them fuel, they are buying the product from third parties for as high as N205 per liter, hence, Nigerians should be prepared to buy at any price.
The association’s warning comes after queues resurfaced in some parts of Lagos States with several filling station under lock due to scarcity of fuel.
The fuel scarcity is also reported to be biting hard in some states like Kaduna as long queues have been reported to have surfaced in the state too.
Amidst the situation confronted by Nigerians over the scarcity of the product, the IPMAN National Controller of Operations Mike Osatuyi expressed worry, saying it’s members buy from third parties for N205 per liter and a transportation cost of N 13 is added making landing cost of petrol per liter at N218 for marketers.
He queried how much marketers are expected to sell a liter of fuel with the landing cost of N218 per liter.
Osatuyi said “NNPC refuses to give us fuel. We buy from third parties and can sell at any price because if the landing cost to our stations is N218 per litre, how much do you expect us to sell? So the public should expect fuel at any price, depending on the area.”
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It would be recalled that the Spokesperson for the Major Oil Marketers Association of Nigeria (MOMAN), Clement Isong, had told PUNCH on Wednesday that the association had held a logistics meeting with the NNPC.
