IPMAN notify FG over increment of fuel price by private depot owners

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On Friday the Kano State chapter of the Independent Petroleum Marketers Association of Nigeria, IPMAN, alerted the Federal Government to the imminent fuel crisis in the country following the decision by some private depot owners to independently increase the prices of the product.

The IPMAN Chairman, Kano chapter, Alhaji Bashir Danmallam, stated this in a statement issued on Friday.

Danmallam said some of the private depot owners had increased the price of fuel from N148 per litre to between N153 and N155 per litre since last week.

According to him, the association found it necessary to alert the government in order not to blame its members if they increase the price of fuel as they would not operate at a loss.

The statement read, “Some private depot owners are trying to sabotage the Federal Government by unilaterally increasing their prices even though the government has not raised the fuel pump price.

“We’re equally calling on the Management of the NNPC to investigate the issue as some of the private depot owners have since Friday last week increased the price from N148 per litre to between N153 and N155 per litre. We know it is only the Federal Government that imports fuel into the country.

“As I’m talking to you, private depot owners in Warri, Calabar Lagos and Oghara in Delta State have increased their prices. We hope the management of the NNPC will investigate and intervene.”

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