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IPMAN assures Nigerians fuel scarcity will soon be over

Ukadike Chinedu, the publicity secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), says the scarcity of fuel being presently experienced will soon be over

• October 27, 2024
Vehicles queue for petrol
Fuel queue used to illustrate the story

Ukadike Chinedu, the publicity secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), says the scarcity of fuel being presently experienced will soon be over.

Mr Chinedu told journalists that the shifting of the supply chain was the cause of the scarcity, adding that the product would be available in a few weeks.

“The supply chain is dependent on the importation of petroleum products but now the federal government has decided that they will not import but patronise Dangote and advised marketers to buy from him.

“So now, Dangote is reliably supplying the products and other products of crude oil,” he said.

Mr Chinedu said other reasons for the scarcity include documentation and logistics problems, among others in the interchange.

He said Dangote had supplied 300 trucks and subsequently had been giving NNPCL the product.

Mr Chinedu said the use of vessels to supply in the coastal area would avert heavy usage of trucks on the roads.

“This will reduce road accidents, vehicles travelling long distances would be reduced, and it would help reduce prices.

“So we are trying to conclude the arrangement of sending through vessels to coastal areas to be able to decongest the road usage by trucks. All these things cause a little drift in the supply chain; in a little time, all these things will be fixed,” he said.

Mr Chinedu said independent marketers were trying to conclude their arrangement with Dangote so they could start buying.

He said it was important for Dangote to sell to independent marketers to reduce the issue of middlemen in terms of the distribution chain.

Also, he said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had promised to pay marketers N10 billion as part of the outstanding claims with the Petroleum Equalisation Fund (PEF).

“We have confidence in the authority of NMDPRA and also agreed and promised to give IPMAN bulk purchase agreement with Dangote,” he said.

Mr Chinedu said that the product would be available across the country once discussions had been concluded.

(NAN)

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