IPMAN plans to roll out fuel

By Akinyemi Precious

Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it is ready to roll out cheap fuel for Nigerians

The association’s Chairman, Chinedu Okoronkwo, said the body would start to roll out Compressed Natural Gas at N100 per litre.

He said the association is ready with its plan to cushion the effect of subsidy removal on Nigerians as motorists and transport operators in Nigeria will witness relief soon after the Nigerian Government ends the petrol subsidy, which caused a spike in the product’s price across the country.

The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo, made it known that the association is 90 per ent ready to roll out Compressed Natural Gas (CNG) as an alternative fuel, which would sell between N100 to N110 per litre before the end of June and CNG will reduce Nigeria’s energy cost.

He stated this during an interview on Channels Television. He however stressed that CNG would serve as an alternative to petrol. Okoronkwo made it known that the petrol subsidy removal had reduced the speed with which Nigeria would have gotten another energy alternative.

The alternative fuel is expected to reduce the country’s exposure to fuel imports as natural gas would be imported instead.

“Very soon, we will roll out. We are 90 per cent close to that, which will also unveil many possibilities.”

“IPMAN has brought relief to a lot of families. We have used our natural energy, CNG, to power vehicles, generators, and even cooking.”

According to him, the adoption of CNG-powered cars has started gaining speed nationwide due to increased awareness about their efficiency and affordability, compared to ordinary petrol and diesel.

The IPMAN Chairman said if the government accepts its plans, it will act as an assistant, bring relief and create job opportunities.

The IPMAN boss explained that CNG would help reduce Nigeria’s energy consumption cost.