NNPCL, IPMAN move to cap ex-depot price of petrol
Amid conflicting pump price of petrol across the country and its attendant mild scarcity of the product, the Nigerian National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have moved to cap the ex-depot price of petrol.
The two bodies are set to sign an agreement which would ensure that the ex-depot price of petrol is capped at N148/litre.
National Controller, Operations, IPMAN, Mike Osatuyi, said that the group was currently holding a series of meetings with the new Managing Director of NNPCL Retail, Hubb Stockman, who promised to supply products directly to its members.
“They (NNPCL) have now put IPMAN under him (Stockman) directly, and he’s a good guy. With the series of meetings we have been having with him, something good will come out of it, latest by January.
“We will get products directly from NNPCL and we won’t have to go through the depots…By that, prices of products will go down. But what we are asking for again, is consistency in product delivery to us, and let it not be a one-off thing,” said Osatuyi on the proposed deal with NNPCL.
Earlier Chairman, IPMAN Satellite Depot, Akin Akinrinade, had said that private depot owners kept increasing prices, as petrol was currently sold to them above N200/litre.
In the meantime, fuel stations belonging to NNPCL sell petrol at N169/litre, while major marketers are dispensing the product at around N170/litre, while most IPMAN members sell at around N250/litre.
