Home Business Fuel Scarcity Looms as Marketers Disrupt Fuel Loading

Fuel Scarcity Looms as Marketers Disrupt Fuel Loading

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Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday disrupted loading of petroleum products at private depots in Apapa as well as Ibadan, Ejigbo and Mosimi depots belonging to the Nigerian National Petroleum Corporation (NNPC).

Our correspondent learnt that the marketers picketed the facilities to protest their inability to get products due to a new payment method introduced by the Petroleum Products Marketing Company (PPMC), a subsidiary of the NNPC.

The Chairman, IPMAN, Ore Depot, Mr Shina Amoo, confirmed the development in an interview with our correspondent in Ibadan on Wednesday.

He said the members of the association blocked the depots with tankers to protest the new payment method.

Amoo said independent marketers were angry because the new payment method, called ‘PPMC Customer Express’, was foisted on them suddenly and the NNPC expected compliance immediately without considering the business interests of many members of the association.

He explained that with the new arrangement, major marketers and very few independent marketers with huge funds could pay for 200 trucks and load them while those who had paid for one or two trucks would be on queue for many months unattended to.

credit: PUNCH

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