By Ifreke Inyang The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained why there is fuel scarcity in Lago...
By Ifreke Inyang
The Independent Petroleum Marketers Association of Nigeria
(IPMAN) has explained why there is fuel scarcity in Lagos and other parts of
the country.
In an interview with Channels Television, the Lagos Zonal
Chairman of IPMAN, Akin Akinrinade insisted they were not on strike.
Akinrinade noted that the operating environment has become
hostile to their businesses.
He also insisted the marketers had not embarked on strike as
speculated.
“Members of Independent Petroleum Marketers Association of
Nigeria IPMAN have shut down their stations, not because we are striking; we
are not on strike,” Akinrinade said.
“Rather, the business environment has been very hostile to
us such that we can no longer do business under this condition. For you to load
a litre of petrol, you pay in N162 per litre,” he added.
Akinrinade said that it was no longer feasible to sell the
product at the recommended price of N165 to a litre, adding that the landing
cost of petrol was between N175 to N178 naira to the litre.
“Our members can no longer sell (petrol) at N165 per litre;
in fact, there is no reasonable person in this business that can sell below
N180 per litre, so it is not as if we are on strike,” he concluded.
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