Members of the Independent Marketers’ Association of Nigeria, IPMAN are to get supply of petroleum product directly from the Nigeria National Petroleum Company Limited, NNPCL.
The decision is coming on the heels of a critical meeting between NNPCL, MOMAN, IPMAN, Depots and Petroleum Products Marketers Association of Nigeria, DAPPMAN, and the Department of State Services, DSS amongst others in petrol distribution chain stepped up efforts to end the lingering product scarcity and increasing pump price.
It was observed that there is an improvement in fuel supply with queues withdrawing out at filling stations, mostly owned by Major Oil Marketers Association of Nigeria, MOMAN.
Meanwhile, petrol price hanged around the regulated price of 170 naira per litre at the MOMAN stations, but the IPMAN outlets were still selling above the regulated price at between 230 and 300 naira per litre.
Many stakeholders confirmed that the NNPCL have agreed to new initiatives expected to break the supply glitches and close the gaps being exploited by hoarders to inflate prices.
IPMAN’s National Operations Controller, Mike Osatuyi, said NNPCL have agreed to be selling petrol directly to their members at the regulated official price.
