The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Department of Petroleum Resources (DPR) to sanction all private depots in Apapa area of Lagos selling above the regulated price of N133.28k
Alhaji Debo Ahmed, Chairman, IPMAN, Western Zone, made that appeal in on Wednesday in Lagos.
Ahmed said that many depot owners at Apapa sold petrol between N140 and N145, against the Petroleum Products Pricing Regulatory Agency (PPPRA) price template of N133.28kobo.
He said that 90 per cent of petrol products imported into the country were distributed through the Pipelines and Products Marketing Company (PPMC), “because as we speak, no private depot owner imports”.
“It is extremely difficult for marketers outside Lagos to buy petrol at N145 from the depots and sell at the same price to consumers.
“We, marketers in Ilorin, Ore, Ondo, Akure,…
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