Fuel scarcity: IPMAN threatens showdown with NNPC

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File Photo: A fuel queue in Nigeria

Independent petroleum marketers in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre.

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos State Chapter, on Wednesday said it was set for a showdown with NNPC over irregular fuel supply at Ejigbo satellite depot.

The association said its members had been running their fuel stations at a loss in the last eight months due to NNPC’s default in the bulk purchase agreement it signed with IPMAN to sell fuel to its members at N133.28k per litre.

“Now, a litre of petrol is being sold to IPMAN members by Depot and Petroleum Products Marketers Association (DAPMAN) at N141, apart from running costs, bank charges and other expenses,

“This made it impossible for IPMAN…

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