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INDEPENDENT PETROLEUM MARKETERS ASSOCIATION OF NIGERIA (IPMAN)
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured that it has the numerical strength to force down the price of Premium Motor Spirit also known as petrol, after the pump price of the product skyrocketed following the removal of subsidy by the Federal Government.
IPMAN and Nigerian automaker, Innoson Vehicle Manufacturing (IVM), could meet some of the goals of the National Gas Expansion Program (NGEP).
Some companies may become bigger players in the downstream sector when fuel subsidy is removed due to the high costs of selling and distribution
IPMAN claims it is ready to deploy natural gas dispensers to 30,000 filling stations in the country, to solve fuel subsidy removal.
The Federal government has assured that the fuel crisis currently experienced across the country will end in a few days, saying that about 1.3 billion litres of petrol have been imported into the country.
Major Oil Marketers Association of Nigeria (MOMAN) has attributed the current fuel scarcity and long queues at filling station being witnessed across the country to the exceptionally high demand for the product and distribution challenges.
The Federal Government has denied authorizing any increase in the price of Premium Motor Spirit popularly known as petrol, despite the hike in the cost of the commodity across the country.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) have said that there is confusion in the downstream sector of the oil industry as they don’t understand what is really happening, following the lingering fuel scarcity that has hit major cities across the country for some months.
The focus should be on why no one has come out to bear responsibility for the long-suffering Nigerians have endured.
The crisis in the Independent Petroleum Marketers Association of Nigeria (IPMAN) appears unending as the Board of Trustees...
It is hoped that this PIB will not brew another round of restiveness in the Niger Delta region.