IPMAN threatens to shut petrol stations in Lagos, Ogun

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The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos State chapter has threatened to shut its members’ filling stations across Lagos and Ogun States from December 11, Tribune reports.

The marketers accused the Nigerian National Petroleum Corporation (NNPC) of playing double standards by supplying petroleum products to its rival marketers, Depot and Petroleum Products Marketers Association (DAPPMA) at cheaper prices. The group said over 900 filling stations will be shut down, which might lead to fuel crisis during the yuletide festivities.

In a statement by the group signed by its state chairman, Alhaji Alanamu Balogun, it said it took the painful decision because its members had been running their fuel stations at a loss for the past eight months due to NNPC’s default in the bulk purchase agreement it signed with IPMAN to sell fuel to its members at a cost of N133.28k per litre.