IPMAN Gives DPR Condition To Sell Petrol At Official Pump Price

fuelThe Independent Petroleum Marketers Association of Nigeria, IPMAN, has said it would comply with the directive of the Department of Petroleum Resources to sell Premium Motor Spirit at the official pump price of N87 per litre on the condition that depots sell to its members at N77.66 per litre.
The Rivers Chairman of IPMAN, Mr. Sunny Nkpe, who spoke in Port Harcourt on Saturday, said the association had directed its members to sell PMS and other petroleum products at official prices only when they (marketers) get the product from the depots at the government-approved prices.
According to him, it would not be advisable for marketers to run at a loss in the sale of fuel to consumers, adding that IPMAN’s challenge has been how to buy fuel from the depot at government-approved price.
Nkpe said, “We have directed our members (marketers) to comply with DPR’s directive by selling PMS and other products at government approved prices. But getting PMS at the private depot for N77.66 per litre is a challenge.
“For now, government depots have no fuel and that is why some of us go to the private depot to buy. The truth is that we are ready to comply with the instruction from the DPR. But it is necessary to consider how much marketers buy petroleum products from the depots, which is always above the approved prices”.
Earlier, the DPR Zonal Controller in Rivers State, Mrs. Onyebuchi Sibeudu, said the department was not going back on its determination to ensure that petroleum marketers sold fuel at government approved prices.
Speaking through the Administrative Officer in the agency, Mr. Prince Oshodi, the zonal controller explained that sealed filling stations were reopened because the operators had shown their readiness to comply with the Federal Government directive that fuel should be sold at official rates.

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