Home News Petroleum Marketers Threaten Service Withdrawal Over Price Hike

Petroleum Marketers Threaten Service Withdrawal Over Price Hike

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Petroleum Marketers
Petroleum Marketers

The Independent Petroleum Market­ers Association of Nigeria (IPMAN) has threatened to withdraw their ser­vices over incessant increment in the price of premium motor spirit in the Eastern part of the country.

IPMAN, in a statement on Monday, lamented that the private depots were the cause of the hike, stressing that they were buying from them at the cost of N185:00 per litre, adding that after other expenses, the price would rise to N200 per litre.

They regretted that even at N200 per litre, their business could not thrive considering the high cost of die­sel to power the station and the exploitation from private tank depot owners and NUPENG.

The group appealed to the Federal Government to revive all NNPC depots within the Eastern zone to enable them to get premium motor spirit at a regulated price.

They, however, asked for the intervention of the Nigeria La­bour Congress (NLC) to appeal with NUPENG to reduce the loading fee.

“It is no longer news that premium motor spirit, known as petrol, is sold at N200 per litre in the Eastern part of Nigeria, including Port Harcourt, Enu­gu, Owerri, Awka, Uyo, Cross River, Aba, Yenagoa, Makurdi, Lokoja.

“The real cause of hike in price is the incessant incre­ment in price of premium spir­it from private depot owners. A litre of fuel is being sold to us at the rate of N185 per litre.

“When you add transport and logistics including the exploitation by NUPENG in the name of union fee which is over N120, 000 per truck, the price will be more than N200 per litre.

“Even at N200 per litre, con­sidering the high cost of diesel to power the station and the exploitation from private tank depot owners and NUPENG, our business cannot thrive. Our various associations have met, and we have resolved to withdraw our services.

“Hence, we cannot cope with the harsh environment of doing business, caused by private depot owners and NU­PENG. We’re calling on the Federal Government to revive our various NNPC depots with­in the Eastern zone to enable us to get premium motor spirit at a regulated price.

“We are also calling on the Nigeria Labour Congress and the management of NNPC to please appeal to the leadership of NUPENG to lessen our bur­den by reducing the loading fee”.

independent.ng

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