Fuel depots in western zones are empty

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the country could experience another period of petrol scarcity in Lagos and other south western states as depots in the western zones do not have products currently.

The association also attributed the lingering fuel scarcity in the country  to the inability of the Nigerian National Petroleum Corporation (NNPC) to  meet up with the nation’s petroleum consumption demand and has therefore called for a total deregulation of the downstream sector.

Chairman, IPMAN Western Zone, Alhaji Debo Ahmed, who made the disclosure in Lagos yesterday while speaking on the ongoing fuel scarcity in the country disclosed that none of the NNPC/PPMC depots within the western zone has adequate petrol in stock to cater for  the demand of the public.

“The management of NNPC should increase petrol allocations to IPMAN marketers rather than allocating excess products to NNPC retailers who have less than 25 outlets within Lagos. IPMAN that has over 2,500 members and over 500 outlets across the south west was given 30 per cent against 60 per cent agreed by NNPC and marketers,’’ he said.

Ahmed said that most IPMAN members had to close their filling stations due to the inability of NNPC/PPMC to distribute products to depots for marketers to load adequately. He said that the limited available products were having lopsided distribution formula.

IPMAN was given 30 per cent, MOMAN 30 and NNPC retails 50 as against 60 per cent for IPMAN and 20 for MOMAN; NNPC retails 20 in all the functioning depots in the country.

The imported petrol by NNPC/PPMC is distributed through the Private Fund Initiative (PFI) system to private depot owners (DAPPMA) to sell to Independent Marketers at a controlled price of N133.28k. But, DAPPMA members are selling between N160 and N162 above the regulated price, of which no marketer can buy at that price and sell at the regulated price of N145 per litre,’’ he said.

 The IPMAN boss urged the government to intervene and check the activities of DAPPMA as they sold above the recommended pump price. He also urged the Department of Petroleum Resources (DPR) to address defaulting depot owners who sell petrol above the approved pump price.  DPR only descends on Independent Marketers by closing their stations.