We Cannot Sell PMS At N97 – Marketers

Some-black-market-operators-selling-petrol-to-motoristsIndependent Petroleum Marketers Association of Nigeria, IPMAN, says it is impossible for its members in the Eastern zone to sell Premium Motor Spirit, otherwise known as petrol, at N97 per litre.

Information Nigeria reports that last Friday, while on a Good Governance tour of Abia state, Information Minister, Labaran Maku, said it is criminal for the petroleum marketers to sell the product above the official pump prize of N97.

But the IPMAN acting Chairman in the zone, Mr. Chukwudi Ezinwa, in Calabar, Cross River State on Friday, noted that its members bought the product from private tank owners at N105.

He said, “We cannot sell N97 per litre while we are buying at N105 from private tank owners. We pay transport and other loading expenses, the Federal Government is aware of this, and it is watching. So, N97 in the zone cannot work.”

The IPMAN chief, who said his members were at the mercy of the private depot owners, appealed to the Federal Government to put a check on the depot owners.

He added, “If we must actually do something right in this country, the government should start checkmating the private tank owners.

“We are going to meet with the government very soon, including the National Assembly on this to ensure that the proper thing is done.”

Noting that his colleagues were responsible citizens, Ezinwa said they could not give what they did not have.

He stressed, “IPMAN does not own refineries or depots, so we cannot hoard products for Nigerians to suffer, because you cannot give what you do not have.”


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