NNPCL, marketers plan N148/litre, Tinubu insists on subsidy removal


Fuel-retailingThe Nigerian National Petroleum Company Limited is planning to sign an agreement with independent oil marketers to ensure that the ex-depot price of petrol is N148/litre.

The National Controller, Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The PUNCH on Thursday, that IPMAN was currently holding a series of meetings with the new Managing Director of NNPCL Retail, Hubb Stockman, who promised to supply IPMAN members products directly.

This came as the Presidential Candidate of the All Progressives Congress, Bola Tinubu, on Thursday, said no matter how long people protest against the removal of subsidy on Premium Motor Spirit, popularly called petrol, the scheme must be stopped.

Speaking on the agreement with NNPCL, Osatuyi said, “They (NNPCL) have now put IPMAN under him (Stockman) directly, and he’s a good guy. With the series of meetings we have been having with him, something good will come out of it, latest by January.\

“We will get products directly from NNPCL and we won’t have to go through the depots. He’s a white guy, and you know whites don’t play politics. By that, prices of products will go down. But what we are asking for again, is consistency in product delivery to us, and let it not be a one-off thing.”

The Chairman, IPMAN Satellite Depot, Akin Akinrinade, had told The PUNCH, on Wednesday, that private depot owners kept increasing prices, as petrol was currently sold to them above N200/litre.

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