N200bn debt: IPMAN threatens closure of 30,000 filling stations

Oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, declared that it would shut down the 30,000 stations operated by IPMAN members across the country if the Federal Government fails to pay the N200bn it owes marketers.

to say that NNPC is the sole importer of PMS and therefore the sole cause of the present scarcity in Nigeria,” he stated.
IPMAN also stated that NNPC was supplying petrol to private depots, adding that these depots raise the cost of the commodity to as high as N850/litre, which often leads to higher pump prices nationwide.

NNPC, however, assured Nigerians that the ongoing fuel scarcity and queues would be cleared out by Wednesday, May 1, 2024. Its Chief Communications Officer, Olufemi Soneye, reportedly stated this on Tuesday in Lagos.

He said the company currently has availability of products exceeding 1.5 billion litres, which can last for at least 30 days and blamed problems of logistics for the scarcity of petrol nationwide.