Mr. Chinedu Okoronkwo, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has revealed the reason for the scarcity of fuel in most parts of the country.
He noted that almost all the depots owned by the Nigeria National Petroleum Corporation Ltd are not working.
The IPMAN president stated this during an interview on Channels TV on Tuesday, where he also mentioned that private depot owners are now responsible for the distribution of the products since the NNPC depots are not working.
He noted that NNPC had enough stock, but the distribution method was complicating the situation.
“It’s very important for you to know where we belong in the chain. This product (PMS) is the product the government is still paying subsidy.
“That is to say government brings in NNPC and when this product is brought, remember nearly all the NNPC depots are not working because of vandalism. We have at least 21 that I can count and what happens when they bring the product in, they now begin to put in private depots owners and pay them some charges.
“And when this product is pumped into these depots, the owners claim to have ownership. Remember we control over 80% of the market and the situation where my members cannot easily access this product, they now be made to buy from these private depot owners, a third party. Remember what we get from NNPC is N148.19 but these private depots owners by they time they begin to put their own charges, haring vassals, NIMASA, NPA, we get it N185 to N200.
“Those who have the muscles and everything to buy, they will buy. The product is there it is because of what have just said. NNPC has enough stock, but because of this distribution something that is why we need to do something.”
