IPMAN, depot owners bicker over fuel price

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The Independent Petroleum Markers Association of Nigeria (IPMAN), Western Zone and Depot and Petroleum Products Marketers Association (DAPPMA) are at daggers drawn over the ex-depot price of fuel  being sold to customers.

While the marketers claimed that the depot owners sell the product  between N141 to N143 per litter as against ex-depot price N133.28k,the latter claimed that  there was no iota of truth in the position of the former.

Alhaji  Debo Ahmed, the western zone chairman of IPMAN, told newsmen in Lagos that the activities of the  depot owners in Apapa area of Lagos amount to profiteering  and implored the Department of Petroleum Resources to shut down the  depots  for selling the product   above the approved prices.

He explained that  shutdown of private depots selling petrol above government approved price became necessary against the back drop of the association’s threatening to withdraw its services across Lagos State and part of Ogun State as from December 11.

“The increase in price of petrol by depots is killing our members because most marketers will be forced to shut down their stations if the situation continues. The DPR and NNPC seems to be helpless in this situation where the private depots sales petrol above.

“Many of IPMAN members cannot buy the petrol from NNPC depots because the product was not sufficient and not all NNPC depots that are working.  Ore, Ilorin are not working, while Lagos and Ibadan are doing partial loading,” he said.

Debo said that due to insufficient of petrol at NNPC depots most marketers are forced to buy product from private depot.

He alleged that the private deports are not invoicing marketers directly, adding that they give way bill which the prices are not indicated, to cover up there atrocity.

But, Mr Olufemi Adewole, the Executive Secretary of DAPPMA, denied the allegation of selling petrol above Ex-depot price by its members.

According to Adewole, Our members are selling petrol at government approved price, but we should also note that not all depot owners that are DAPPMA’s member. If other non-DAPPMA members sell above ex-depot price, we don’t have right over them.

“IPMAN cannot just make blanket accusation of DAPPMA selling above ex-depot price. There is no truth in what they are saying to the best of my knowledge; we are selling at government approved price, even though we are losing money.

“The challenge we are even facing now is that banks are not given us money to buy product because government owing us and they are yet to pay.  But few of our members are bringing in product and buying from NNPC because they are the sole importer,’’ he said.

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