IPMAN has rejected NNPCL’s new ex-depot petrol price of ₦1,010 per liter, threatening to halt operations if the hike isn’t reversed.
IPMAN’s spokesperson, Chinedu Ukadike, warned that NNPCL’s pricing worsens hardships for Nigerians, raising fears of a fuel crisis.
Nigerians are increasingly concerned as IPMAN rejects the recent fuel price hike by NNPCL.
IPMAN, controlling 70% of filling stations, threatens to halt operations if NNPCL doesn’t reduce the new ex-depot price of ₦1,010 per liter.
During a Friday interview, IPMAN spokesperson Chinedu Ukadike expressed the association’s frustration.
His comments came after NNPCL’s announcement of new fuel prices, which range from ₦998 to ₦1,030 per liter in Abuja and Lagos.
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Additionally, NNPCL set ex-depot prices for marketers between ₦1,040 and ₦1,010 per liter.
Consequently, Ukadike directly accused NNPCL of worsening Nigerians’ hardships.
He stated that IPMAN members can’t sell petrol at ₦1,200 after buying it at ₦1,010 from NNPCL, which exceeds its retail prices.
For instance, “NNPCL sells at ₦1,045 per liter in Port Harcourt, ₦1,040 in Calabar, and ₦1,010 in Lagos.
We reject this pricing and won’t lift NNPCL’s petrol,” Ukadike said, highlighting the growing frustration among marketers.
As a result, he warned that a fuel shortage could follow.
Many filling stations in Abuja have halted fuel dispensing, signaling a looming crisis if no resolution is reached.
