Fuel to Become Scarce in Southwest

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For a while now, Nigeria has not witnessed extreme long queues at filling stations as a result of scarcity of petroleum products
– But a warning is coming from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to the people of the western part of the country
While Nigerians are groaning in darkness, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that petroleum products will become scarce in the south-western part of the country.
Petroleum scarcity looms in western Nigeria – IPMAN says
Until recently, Nigeria had always grappled with fuel scarcity
IPMAN said this is because of the non-functional situation of five depots supposed to serve the area.
The western zone comprises Lagos/satellite, Mosimi, Ibadan, Ilorin and Ore.
The Nigerian Tribune reports that the chairman of the association in the zone, Alhaji Debo Ahmed, said: “It is unfortunate that all the five depots in the system 2B including the largest depot in Ibadan which can store 120 million litres have been grounded for the past two years.
“With all the five depots grounded, marketers are tied to private depots in Apapa, Lagos where we now serve the general public.
“The private depot operators sell to marketers at prices above the regulated prices. Marketers are at the whims and caprice of private depots.
“They are supposed to sell to IPMAN members at government regulated prices of N133.28k so that the marketers sell at government controlled price of N145. However, they sell to us at between N139 and N142.
“We can’t continue to buy at this price because we can’t sell with marginal profit. Yet we can’t sell above N145.
“That’s why most of our stations are closed down in our areas of operation in Kwara, Osun, Oyo, Ondo, Ekiti, Ogun, Lagos and parts of Kogi, Niger and Edo states.”
He appealed to the presidency, the National Assembly, and the minister of Petroleum to stop the NNPC from collecting the unwarranted levies to ensure industrial harmony and save general public from undeserved pain associated with fuel scarcity.
Ahmed while begging stakeholders in the sector such as DPR, PPMC, NNPC and the federal government to make the private depot operators sell at controlled price, added: “There’s bound to be scarcity when we’re forced out of market.
“We are about 3,336 marketers, and we set up a filling station at an average cost of N15 million with about N52 billion investment and average of eight workers in a filling station,” he said.

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