IPMAN accuses FG of non inclusion during upward review of fuel pump price


Bassey Bassey, Calabar

Independent Petroleum Marketers Association of Nigerian (IPMAN) has accused the Federal; Government (FG) of non inclusion during upward review of fuel pumps price.

IPMAN Caretaker Committee Chairman, Comrade Robert Obi made this known during an interactive session with management of department of Petroleum Resources (DPR) in Calabar, Cross River State capital.

He lamented what the members of IPMAN passes through ever since the review was made. “So, when federal government adjusted the pump price to N145, IPMAN was not invited to take part in the meeting where the N9 margin was arrived at because of the leadership crisis in the association then.

“Unfortunately, the government went ahead and increased the price without considering what benefit that would accrue to the marketers who invested their money. It is, therefore, a sad development that our members are being deprived of benefiting from the equalization fund even when their counterparts from neighbouring state enjoy such privilege.

He said this had negatively affected their business as some of the marketers from the northern part of the state are were being deprived of certain privileges which they ought to enjoy like their counterparts in neighbouring states.

Lamenting further, the ordeals of his members, Obi said  marketers hardly make profits because of the cost of transporting the product from Calabar to Ogoja is N200,000 in addition to the prcce of buying the product which jerk up total cost of doing oil business and called on the leadership of Department of Petroleum Resources DPR to come into their aid and find a lasting solution to the discrepancies in equalization funds..

Obi stated that the partnership became necessary so as to alleviate the sufferings of  IPMAN members doing  business in the state, “Marketers can no longer cope. The reason being that, loading the product from Calabar to Ogoja and Obanliku local government areas are above 100kms and it is very difficult to break even.

“The margin we are using today is the old one used when the product was sold for N85 to N87 per a litre. And we are left with a margin of N9. it is high time their members started benefiting from this transportation arrangement meant to assist marketers.

In his  reaction, the Operation Controller of DPR in the State, Philip Awolu, assured IPMAN of its corporation so long as the activities of the association doesn’t go contrary to the laws governing sales and marketing of Petroleum product.

He warned that DPR would not fail to deal decisively with erring any member of the association that errs and advised IPMAN to documents whatever challenges which they are passing through and send to DPR office so that he can in turn convey the complaints to DPR:’s head quarters, Abuja stressing that the Federal government have a drive for reduction of DPK and encouragement of use of gas product.