Petrol will be affordable in two weeks – IPMAN


The Independent Petroleum Marketers Association of Nigeria (IPMAN), has promised that Premium Motor Spirit, known better as petrol will be available and at an affordable price in 14 days.

This was disclosed by the IPMAN National Operations Controller, Mike Osatuyi, on Wednesday.

According to him, there would be the availability of fuel in two weeks’ time and all stakeholders have agreed to sell fuel at affordable prices to reduce the burden on Nigerians.

He said the Nigerian National Petroleum Company Limited and all other stakeholders across the downstream petroleum value chain met on Tuesday in their bid to end the crisis.

“Yesterday, there was a meeting in Abuja and the president of IPMAN was there and he gave me feedback on the meeting. So, I can say the NNPC is ready to find a solution to the crisis. They’ve now agreed that they will open more depots for IPMAN to be loading products through their platform at official price and this is what we have been clamouring for for years.

“From what I gathered now, they are given 14 days to clean up the mess. By the next two weeks, we should be able to buy at a very reasonable price. We must all work in the interest of Nigerians and let Nigerians benefit from this subsidy,” he said.

On the issue of smuggling, which the Nigerian Midstream and Downstream Petroleum Regulatory Authority had earlier said was a major cause of the fuel crisis, Osatuyi said all hands must be on deck to put an end to it.

He said the Nigeria Union of Petroleum and Natural Gas Workers must direct its members not to transport fuel trucks to neighbouring countries.

“When it comes to all the challenges causing the fuel crisis, you can’t rule out the bad eggs across all strata of the system. But at the same time, it takes everyone to say drop this nonsense and let us be born again,” Osatuyi added.

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