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IPMAN appeals for direct supply from refineries to make petrol cheaper

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    The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Federal Government to allow its members to buy their petroleum products directly without the Nigeria National Petroleum Company Limited (NNPCL) acting as the middleman.

    The association believes direct supply will ease the pressure in the petroleum sector.

    The Chairman of IPMAN, Enugu Depot in charge of Anambra, Ebonyi and Enugu States, Chinedu Anyaso, said this in his 2024 Independence message on Tuesday in Awka, the Anambra State capital, noting that sourcing and pricing of products were determined by the NNPCL.

    “As it is today, we are selling according to the price we are getting the products, there is not much we can do to influence the major variables of price and availability,” Anyaso said.

    “IPMAN controls about 85 per cent of retail outlets in the country, so we are in a position to play greater impacts in the reforms going on in the sector.

    “If the sector is further liberalised to allow IPMAN participate as major stakeholders, products will definitely become more available and price will be cheaper.”

    Anyaso said the national leadership of IPMAN was already holding strategic talks with the management of Dangote Refinery to secure direct supply from the company.

    He said sourcing products directly from the company would reduce price.

    Anyaso added that IPMAN had visited the Port Harcourt Refinery and could confirm that serious work was going on to bring the facility back to operation.

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