Members of the Independent Marketers’ Association of Nigeria (IPMAN) are to get supply of Petrol directly from the Nigeria National Petroleum Company Limited (NNPCL), it was learnt on Sunday
Details of a major understanding between the oil giant and marketers came as stakeholders in petrol distribution chain stepped up efforts to end the lingering product shortage and soaring pump price.
The Nation observed an improvement in petrol supply with queues thinning out at filling stations, mostly owned by Major Oil Marketers Association of Nigeria (MOMAN).
The price hovered around the regulated price of N170 per litre at the MOMAN stations.
stations, mostly owned by Major Oil Marketers Association of Nigeria (MOMAN).
Many stakeholders confirmed that the NNPCL have agreed to new initiatives expected to break the supply glitches and close the gaps being exploited by hoarders to inflate prices.
Going forward, the independent marketers, being critical complement to the major marketers in breaking the festering scarcity, got assurance of direct supply of petrol from the NNPCL.
The moves came on the heels of a critical meeting between NNPCL, MOMAN, IPMAN, Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Department of State Services (DSS) amongst others.
IPMAN’s National Operations Controller, Independent Petroleum Marketers Association of Nigeria , Mike Osatuyi, confirmed to The Nation that the NNPC have agreed to be selling petrol directly to IPMAN members at the regulated official price, rather than the crisis-fueling situation of routing products through third parties, who had been severally fingered as being behind inflated wholesale supply prices.
Osatuyi said direct sale of products to independent marketers “will bring down the price of the product”, noting that direct sale of products to independent marketers will lead to immediate reversal of retail prices to regulated retail price of about N170 per litre.
He said recent parleys among stakeholders have started yielding fruits as there have been considerable improvements across many states.
Nation
