…As investigation shows ex-depot price of N133.38 per litre

By Adewale Sanyaolu

The Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), led by its Chairman, Alhaji Alanamu Balogun, last week, threatened to withdraw its services across Lagos State and parts of Ogun State, effective December 11, due to irregular fuel supply at NNPC’s Ejigbo satellite depot.

It said over 900 filling stations will be shut down, which might lead to fuel crisis during the Christmas and New Year festivities.

IPMAN said it took the decision because its members had been running their fuel stations at a loss over the past eight months due to NNPC’s default in the bulk purchase agreement it signed with IPMAN to sell fuel to its members at N133.28k per litre.

According to IPMAN, a litre of fuel (PMS) is being sold to its members by DAPMAN at N141, apart from running costs, bank charges and other expenses which made it impossible for operators to sell a litre of fuel at controlled price of N145, rather they sell N146 per litre.

The association alleged that while the NNPC had refused to sell fuel to its members regularly, it is diverting the supplies to DAPMAN at a price of N117 per litre and DAPMAN in turn, is selling to IPMAN members at N141 per litre.

“We believe that NNPC is doing this to deliberately cause fuel crisis because it could not control DAPMAN not to inflate prices beyond government’s fixed prices,” it said.

Meanwhile, Nigerian National Petroleum Corporation (NNPC)’s claim that ex-depot price of petrol remains at N133.38 per litre, may have been faulted by Daily Sun findings across some depots in Apapa, Lagos.

The NNPC, in a statement released yesterday, maintained that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre have not changed as the corporation has enough stock of fuel to ensure seamless supply and distribution of products across the country during the Yultide.

‘‘The NNPC has once again emphasised that there are no plans to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming Yuletide,” the statement said.

But a document exclusively obtained by Daily Sun on the market survey position for petroleum products yesterday across some depots in Apapa, showed that eight dealers sold petrol above the ex-depot price of N133.38 approved by NNPC.

A breakdown of the ex-depot price of petrol showed that Fatgbems, Obat, Sahara, Techno and Wosab sold at N143 per litre yesterday, while NIPCO and Stallonire sold for N140 per litre and the D Jones N142 per litre.

IPMAN implored President Muhammadu Buhari, the National Assembly, the DPR, the Minister of Petroleum, Lagos State Governor, Mr. Ambode Akinwunmi, the Inspector General of Police and other security agencies to call the NNPC and DAPMAN to order, or the IPMAN will withdraw services and shut down all stations in Lagos State.

NNPC enjoined motorists and other users of petroleum products to disregard trending rumours of an impending fuel price hike, saying it has the full commitment of all downstream stakeholders, including petroleum marketers and industry unions, to cooperate in achieving zero fuel scarcity this season and beyond.

The corporation advised motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.

NNPC assured that its downstream subsidiary companies, namely, the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.


http://sunnewsonline.com/nnpc-diverting-fuel-through-dapma-to-cause-scarcity-ipman/

The Buhari govt keeps failing

APC

Pls who's our minister for Petroleum for those dat want to blame NNPC and Kachikwu for dis

[s]

SalamRushdie:
The Buhari govt keeps failing

[/s]

While Jonathan failed 6 consecutive Christmas in providing fueling. PMB has bo single Christmas scarcity.


It is hard to believe IPMAN will sell fuel at a loss for 8 straight months. While their allegations should be looked into as it makes no sense why NNPC will be sabotaging its own efforts in ensuring fuel availability.

Stalwert:
[s][/s]

While Jonathan failed 6 consecutive Christmas in providing fueling. PMB has bo single Christmas scarcity.


It is hard to believe IPMAN will sell fuel at a loss for 8 straight months. While their allegations should be looked into as it makes no sense why NNPC will be sabotaging its own efforts in ensuring fuel availability.

There were no queues foe 80 percent of christmas holidays under Jonathan ...the queues came just twice , once during the subsidy removal and second time the Christmas 2014 just before elections and all were inspired by aPC sabotage

[s]

SalamRushdie:


There were no queues foe 80 percent of christmas holidays under Jonathan ...the queues came just twice , once during the subsidy removal and second time the Christmas 2014 just before elections and all were inspired by aPC sabotage

[/s]

Lying to defend the ineffectual. ... Every christmas under IB was always presented with scarcity. Right from 2010 all way to 2015 before he handover there were terrible scarcity. here are examples

Abagworo:
Dec 2009

https://www.nairaland.com/368982/why-fuel-scarcity-may-persist

Jan 2010

http://www.vanguardngr.com/2010/01/nupeng-proffers-solution-to-unending-fuel-scarcity/

Nov 2011

http://sweetcrudereports.com/2011/11/27/fuel-scarcity-hits-delta-state/

2012


http://www.premiumtimesng.com/news/106743-fuel-scarcity-may-continue-till-2013-nnpc-official.html


July 2013


http://businessdayonline.com/2013/07/fuel-scarcity-to-hit-harder-in-lagos-as-dealers-hoard-products/


March 2014

http://www.vanguardngr.com/2014/03/fuel-scarcity-fg-owing-us-9-months-subsidy-ipman/


September 2014

http://www.premiumtimesng.com/news/more-news/168349-fuel-scarcity-takes-toll-on-businesses-nationwide.html


March 2015

http://www.channelstv.com/2015/03/02/fuel-scarcity-spreads-across-lagos/

Them slowpokes above me shud continue with the comparism and blame game, whether it will change anything is what i dont know


Both administrations have failed us in their own way but presently we are in buhari's administration, if this diversion is true then they shud resolve it. I personally feel there is a disagreement btw IPMAN and NNPC so they are trying to go against each other.

Stalwert:
[s][/s]

While Jonathan failed 6 consecutive Christmas in providing fueling. PMB has bo single Christmas scarcity.


It is hard to believe IPMAN will sell fuel at a loss for 8 straight months. While their allegations should be looked into as it makes no sense why NNPC will be sabotaging its own efforts in ensuring fuel availability.

AND THE GEJ BLAME GAME CONTINUES!!!!

Find out how much a litre of kerosene was sold for last christmas before coming online to disgrace your village chiefs!!!

This should be immediately averted as sign of scarcity are now been seen around with petrol stations not wanting to sell

Authority stealing .
I now begin to doubt if eventually dangote refinery begins work if we can actually buy fuel less than the present price of N145.
Nigeria is looking like a child's play daily.
This government case is like someone they want to burn that is now using petrol to rub his body.

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Nigerian are the enemy of Nigeria not really the federal gov

What we are doing to ourselve is worst than fed bad policies.

Patiently waiting for 2019.



This monumental error must be rectified

What is DAPMAN.

Journalism should also flow from known to unknown...

Liar from the pit of hell

Lying to defend the ineffectual. ... Every christmas under IB was always presented with scarcity. Right from 2010 all way to 2015 before he handover there were terrible scarcity. [/quote]

The Buhari govt keeps failing

Stalwert:
[s][/s]

Lying to defend the ineffectual. ... Every christmas under IB was always presented with scarcity. Right from 2010 all way to 2015 before he handover there were terrible scarcity.

Just in a bid to defend your pay you type trash.

Too bad

SalamRushdie:
The Buhari govt keeps failing

another wailer sighted

Stalwert:
[s][/s]

Lying to defend the ineffectual. ... Every christmas under IB was always presented with scarcity. Right from 2010 all way to 2015 before he handover there were terrible scarcity.

I can see you have a very short memory.

hahahah

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Tales of thievery,gore and the macabre from the stables of the APC, at this rate Nigerians are desensitised to this government, 2019 cannot come quick enough

Wow!

Anti corruption government turn to be the most corrupt.

Nigerians come alive!

Buhari is confused, leading nigeria like a herd of Cow.

Nigerians are being governed with lies by lying APC government via Baru and NNPC cabals.

In a reasonable country, Baru would have resigned or thrown in jail for 25 years

The Wickedness in Nigeria is just driving me crazy day after day whenever i come to realize that i am in Nigeria with so many beast.



I would love to be away from humans & live in the forest surrounded by beautiful lakes, streams & rivers. I dont even care about mansions anymore, just a beautiful hut.

But most importantly, not fulani infested forest in Nigeria.

I would love a forest in Iceland, Norway, Switzerland or Canada.

I will live more than 100years. My occupation will just be farming, fishing & playing with my pets.