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August 20, 2024 Fuel Scarcity: “No Supply Anywhere” IPMAN Holds NNPCL Responsible

The Independent Petroleum Marketers Association of Nigeria (IPMAN) claims its members aren't receiving enough Premium Motor Spirit from the Nigerian National Petroleum Company Limited (NNPCL) amidst the ongoing fuel scarcity. With over 3,000 members controlling most of the filling stations nationwide, IPMAN says NNPCL, the sole importer of petroleum products, has failed to supply adequate fuel for the past three years.

Engr. Shina Amoo, Chairman of IPMAN's Ore Depot, stated that there is virtually "no supply anywhere," and the available fuel isn't well-distributed. Independent marketers, who primarily operate in rural and urban areas, are being sidelined in supply distribution. Amoo explained that out of 50 petrol stations, only a handful have fuel, which they purchase at inflated prices between ₦750 and ₦850 per liter from private depots.

He also highlighted the lengthy and bureaucratic process of obtaining fuel directly from NNPCL, which can take up to five months, leading marketers to buy from private depots instead. Amoo criticized the NNPCL's distribution pattern, claiming it favors other marketers over IPMAN. He pointed out that the main issues stem from the fuel subsidy and NNPCL's monopoly as the sole importer. Amoo believes that eliminating corruption in the downstream sector could help reduce fuel prices.

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