The Independent Petroleum Association of Nigeria (lPMAN) has attributed the current petrol scarcity to unavailability of the product and difficulty in accessing foreign exchange (FX).
The Independent Petroleum Marketers Association of Nigeria has attributed the currentMike Osatuyi, national operations controller of IPMAN, said this on Sunday in an interview with NAN in Lagos.
“The Nigeria National Petroleum Corporation Ltd. is the sole importer of refined petroleum products, which are not readily available to marketers.”Osatuyi explained that the association’s members bought petrol at over N200 per litre from private depots, making it impossible for them to sell at the regulated pump price.
“My members are groaning over the increase in the cost of petrol from the depot and they suffer a lot to get it. He urged the government to allow the private sector to import petrol as is the case with aviation fuel, diesel and kerosene. “Nigeria has reached a stage where the government requested for credit facility from DSDP people on product supply but it was challenged due to a huge backlog of debts,” NAN quoted the source as saying.
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