The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity if; the FG does not pay up the N74 billion it owes the association in bridging claims; has pledged its support to avert a crisis and make Petroleum Motor Spirit; available at the regulated price of N165 per litre.
This was disclosed by the South West IPMAN committee in a meeting with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Sunday.
The FG also urged that IPMAN to assists with rising cases of crude oil theft and vandalism in the southwest.
Authority Chief Engineer, Farouk Ahmed in the statement said that IPMAN is a critical stakeholder in Nigeria’s Energy sector; and assured of the regulator’s support in the business of distributing petroleum products. He also expressed concerns about the rise in petroleum products theft and pipeline vandalism in line 2B which services.
-NAIRAMETRICS.