Lagos, Oct. 10, 2024 – Abubakar Garima, the National President of the Independent Marketers Association of Nigeria (IPMAN), has blamed the NNPC for the new high prices of petrol across the country.
Garima made the blame while speaking on Channels Television programme “Sunrise Daily” on Thursday.
He said while Dangote Refinery was selling refined petrol to NNPCL at between N800 and N900 per litre, the NNPCL was demanding N1,010 per litre from marketers in Lagos.
Garima said the main challenge of the marketers was how to recover their over N15 billion owed by NNPC.
“Our major challenge now is that independent marketers have an outstanding debt from the NNPCL and the company collected products through Dangote at a lower rate which is not up to N900.
“They are telling us now to buy this product from them at the price of N1,010 per litre in Lagos, N1,045 in Calabar, N1,050 in Port-Harcourt and N1,040 in Warri.”
“We have a problem because we have booked products through the NNPCL, and suddenly, when they decided to increase the price, they are now asking us to add more money to buy above what Dangote is selling to them.
“We have informed them to return our money to our banks so that we can go directly to Dangote for our supply.
“Presently, our money is with them, for about three months. We buy our products from them before loading. “NNPC doesn’t sell on credit and when products are available, they call us to pick them up,” he said. (GBN)
