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IPMAN threatens strike over exorbitant depot prices

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Lagos State chapter has threatened two-week warning strike over alleged exorbitant prices charged by depot owners, The Guardian reports.

The association has therefore given the Federal Government, the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and the Petroleum Products Pricing Regulatory Agency (PPRA) an ultimatum of two weeks; from March 1 to 15, 2017 to wade into the matter, failure of which its members would withdraw their services and shut down 2,000 fuel stations in Lagos and its environs.

IPMAN stated this in a statement by its chairman, Alhaji Ayo Alanamu, and General Secretary, Prince Kunle Oyenuga in Lagos. According to the association, members were expected to buy a litre of fuel at the rate of N133.28 kobo from the private depots owners and sell at N145 per litre to the public in accordance with the Federal Government’s directive.

IPMAN alleged that the depot owners have always ignored the directive to sell to fuel station owners at N141.00 per litre. The statement explained that if a litre of fuel is bought from the depots, it would cost N3.00 to transport it to filling stations, added to the expenses are payment of staff salaries, bank charges and interests and all other related expenses.

The post Ipman Threatens Strike over Exorbitant Depot Prices appeared first on Energy News | Oil and Gas News - Energy Mix Report.

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IPMAN threatens strike over exorbitant depot prices


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