Fuel Scarcity: Fresh Crisis Erupts as IPMAN Orders Petrol Stations to Shut Down, Gives Reasons
- IPMAN has directed its members to shut down their petrol stations and suspend services across the country until further notice
- The association also directed its members to suspend the payment and ordering of products indefinitely
- According to the union, its members are affected by the government policy on sourcing and selling the commodity, as they are selling at a loss
FCT, Abuja - Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have been directed to shut down operations by their union.
According to The Punch, the union gave the directive in a statement signed by its chairman, Mohammed Kuluwu, on Tuesday, February 7.
Source: Original
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The association also ordered its members to suspend the payment and ordering of products from their sources till further notice.
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The statement reads in part:
“The situation is critical as it affects our sourcing and selling of product at a loss and the action of the authority to impose the selling of product at a loss price on our side.”
The union had appealed to the federal government for more time to sell the premium motor spirits, popularly referred to as petrol, at the official price of N195 per litre.
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Nigeria has been thrown into a fuel scarcity crisis for over a month, and the commodity price has varied in different parts of the country.
Adams Oshiomhole, the former national chairman of the All Progressives Congress (APC), lamented Thursday that he bought the petrol at N1000 per litre.
Oshiomhole declared that somebody must be held responsible for the high fuel cost because the country is currently spending over N7trn on fuel subsidies, with the petroleum development fund on one side, yet, Nigerians have to pay more than the market rate of the commodity.
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Legit.ng earlier reported that Adams Oshiomhole, the former governor of Edo state and the ex-national chairman of the APC, has lamented buying one litre of fuel at N1,000.
Oshiomhole complained that despite spending over N7trn on fuel subsidies, Nigerians still pay more than the market rate.
According to Oshiomhole, the N7trn on subsidies does not include the petroleum development fund, adding that somebody must be held responsible.
Source: Legit.ng
