The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that selling Premium Motor Spirit (PMS) would be increased to N195 per litre in Oyo and Osun States due to scarcity.
Mr Mutiu Bukola, Chairman of IPMAN’s Ibadan Depot, which serves Oyo and Osun states, stated this to Daily Post on Wednesday.
A visit to some parts of Ibadan on Wednesday confirmed that petrol stations in Ibadan are currently witnessing long queues.
It was gathered that the long queues were a result of the rumour of scarcity of petrol across the country.
IPMAN has, therefore, said that its members would increase the pump price, stating this decision was necessary so as to avoid the long queues in Oyo and Osun.
Bukola explained that it is not possible for members of the association to sell at the old price.
He added that this is due to the increment in the landing cost and the cost of transportation.
He said, “We can’t buy petroleum in Lagos again. Whatever we see, they are selling for us at the rate of N178 without transport.
“The landing cost is now N195. If we buy at the rate of N178, it will take a minimum of N12 to get to Ibadan. If you add N178 to N12 you will know how much it will be. We are struggling to ensure that queues are no more in the petroleum stations.
“But, we will be selling at the rate of N195 to N200 to avoid long queues in Oyo and Osun states.”
SaharaReporters reported in June that IPMAN asked marketers across the country to begin dispensing petrol at N180 per litre and above.
The union gave this directive because it claimed it was no longer possible to sell at the government’s cap of N165 per litre.
This was disclosed by the Lagos Zonal Chairman of IPMAN, Akin Akinrinade, in an interview.
He explained the reasons behind the fuel scarcity, stating that the situation across the state was as a result of the operating environment which had become hostile to their businesses.
He mentioned that the petroleum marketers were not on strike as circulated but had found it difficult to operate considering the dependence on diesel whose price has skyrocketed.
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