Home News Fuel scarcity: Why We Can No Longer Sell At N165/litre – IPMAN
News

Fuel scarcity: Why We Can No Longer Sell At N165/litre – IPMAN

Share
Share

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained the reason behind fuel scarcity in Lagos and other parts of the country.

The Lagos Zonal Chairman of IPMAN, Akin Akinrinade during an interview with Channels Television said they are not on strike.

Akinrinade noted that the operating environment has become hostile to their businesses.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

He said;

“Members of Independent Petroleum Marketers Association of Nigeria IPMAN have shut down their stations, not because we are striking; we are not on strike.”

“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.

According to Akinrinade, it is 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.

Share
Written by
Tare Magbei -

With more than five years of covering different topics, Tare Magbei is a versatile journalist.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
News

APC wins all 23 Benue LG election petitions at Appeal Tribunal

The Appeal Panel on Local Government Election Petitions for Benue State, sitting...

News

FG Begins Payment of Minimum Wage Arrears to Ex-corpers

The Federal Government has began payment of N44,000 minimum wage arrears. The...

News

Up X Игорный дом: Официальный Сайт в видах Регистрации, Входа вдобавок Игры в Слоты изо Скидками

Маневренная разновидность веб-сайта https://battomat.kz/ru/ автоматом адаптируется под спокойно экрана устройства, обеспечивая оптимальное...

News

How Over 450,000 Nigerians Vie For FG’s 10,000 Jobs

Over 450,000 Nigerians Applied: More than 450,000 Nigerians have applied for Federal...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush