64th Independence: IPMAN seeks direct petrol supply

The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government to allow its members to source a direct supply of petroleum products to ease the pressure in the sector.

The Chairman of IPMAN, Enugu Depot in charge of Anambra, Ebonyi and Enugu States, Mr Chinedu Anyaso, said this in his 2024 Independence message on Tuesday in Awka, the Anambra State capital.

Anyaso noted that sourcing and pricing of products were determined by the Nigerian National Petroleum Company Ltd.

“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.

“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,” he said.

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.