Expect steady supply of fuel in two weeks –IPMAN

Independent Marketers Association of Nigeria (IPMAN) has assured of steady supply of fuel in the next two weeks.

National Operations Controller of IPMAN, Mike Osatuyi gave the assurance during an interview on Arise TV’s Morning Show on Wednesday.

READ ALSO: Fuel scarcity: IPMAN, NNPC in talks to determine ex-deport price of petrol

During the interview, Mr Osatuyi said that all stakeholders have agreed to sell fuel at affordable prices.

He said no one in the value chain is clean when it comes to the challenges causing the fuel crisis.

However, they are willing to tackle the issues and make fuel available at reasonable prices.

Osatuyi went further to state that more depots will be made available so more products can come into the country. He also addressed the issue of cross-border smuggling.

He said  the Nigeria Union of Petroleum and Natural Gas Workers needs to caution their members not to drive their fuel trucks across the borders into neighbouring countries.

READ ALSO: NNPC, IPMAN differ on reason for fuel scarcity in Lagos, other cities

Mr Osatuyi said that if fuel is sold to marketers at N180 per litre, and other costs are added, Nigerians could end up buying fuel at N210 to N220 per litre, which is better than N500 per litre, which some people are already buying the commodity in the country.

According to him, NUPENG has to agree on how much marketers will pay for transportation costs as this will also determine how much will be added to the depot pricing.

He also said when subsidies are removed, and refineries are working at full capacity, there will be no importation cost.