Fuel scarcity continues to worsen in Lagos, Ogun State, Abuja, and some other parts of the country despite claims by the Nigeria National Petroleum Corporation (NNPC) Limited that all issues have been resolved.
IPMAN and NNPCL have cautioned Nigerians against panic-buying of fuel and refuted rumors of an impending increase in the pump price of petrol, commonly known as PMS.
IPMAN threatened to suspend its operations in Anambra State over the failure of the Anambra Govt to pay contractors N900M.
Fuel stations across Abuja, the federal capital territory on Friday, October 20 were selling fuel at the rate of N625 to N630 per liter according to a Nairametrics review.
A review of petrol stations in Abuja over the weekend revealed that demand for the commodity has slowed as many Nigerians have chosen not to purchase petrol for their vehicles.
A review of fuel stations across Abuja on Tuesday, October 10, revealed that fuel queues have returned to the Federal Capital Territory of Abuja. Meanwhile, pump prices have stayed the same at less than N700 per litre.
Oil marketers have raised alarm over the lightness of Premium Motor Spirit (PMS) otherwise known as petrol in some filling stations, noting that the products are inferior to the quality the Nigerian Midstream and Upstream Regulatory Authority (NMDPRA) approved.
The Anambra State Government has decided to meet with the IPMAN to address the N900 million in debt claim owed to contractors who supplied diesel for streetlight generators.
Shina Amoo, the Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at Ore Depot has said that deregulation (fuel subsidy removal) has complicated business for marketers in the country due to the absence of active local refineries.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to leverage homegrown technology to address the refining challenges in Nigeria's petroleum industry.
President of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the association has no plans to increase fuel pump prices across the country.
IPMAN urged the Federal Government to adopt its infrastructure for effective and accelerated implementation of CNG project.
