IPMAN Chairman in the Western zone, Alhaji Dele Tajudeen who disclosed this an interview on Tuesday in Lagos said that the price of fuel at the depot went fuel from N148.17 per litre to N178 per litre last week.
Tajudeen, who expressed worry over the increase in the depot price, said none of the Nigerian National Petroleum Company Ltd (NNPC) depots has the product and the private depots took advantage of the situation to hike the price.
“Most of the tank farm owners have justified this increase because of different charges, among which are vessels charges paid in dollars.
“We are equally calling on the management of the Nigerian National Petroleum Company Ltd. (NNPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to investigate the arbitrary increase in fuel price by the private depot owners.”
In the midst of the scarcity, a top official of the Depot and Petroleum Marketers Association of Nigeria (DAPMAN), who pleaded anonymity, disclosed that the scarcity was a result of the shortfall in product allocation from the NNPC.
The official also alleged that DAPMA had many performance invoices with the Petroleum Products Marketing Company (PPMC) which were still awaiting cargoes to get supplied.
“Ex-depot price has been between N162 and N163 per litre for marketers within Lagos and its environs, while between N164 and 165 for marketers outside Lagos like Calabar, Port Harcourt, Owerri and so on.
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