IPMAN western zone urges members to abide with N140 pump price reduction

The South West Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to members to abide by the presidential directive to reduce the pump price of petroleum product from N145 per litre to N140 as part of the association’s contribution towards encouraging voters to participate in the election processes.

HRH  Obafemi Ogbaro, the Caretaker Chairman of IPMAN Western Zone made the appeal in a statement issued on Monday after the chapter’s executives meeting in Lagos.

 According to Ogbaro,  `My attention has been drawn to a purported  press statement credited to a marketer in Mosinmi depotwho was a former vice chairman of IPMAN western zone denouncing the directive of our IPMAN National President Elder Chinedu Okoronkwo to our patriotic members to sell petrol to the general public at #140 per litre.

He said that the association took the decision to ameliorate the suffering of the masses because of the rescheduled elections, adding that IPMAN members as a responsible association felt the pains Nigerians suffered for travelling to their various destinations to perform their civic duties of voting the candidate of their choice in the Presidential, National Assembly, Governorship and State Assembly elections which was rescheduled to 23rd Feb 2019 and 9th March 2019 respectively.

The Chairman said that IPMAN shares in the pains of Nigerians hence our subtle sacrifice in this trying period of the government and Nigerians; this made the association to agree for the reduction of #5 per litre.

“This will eat into our members profit but we have to give back to the society as part of our Corporate Social Responsibility.

The reduction in price will commence from Wednesday 20th of February 2019 to 11th march 2019.

“ IPMAN western zone caretaker chairman hereby enjoined IPMAN members nationwide to abide by the president directive,’’ he said.

It would be recalled that the national president of IPMAN, Elder Chinedu Okoronkwo on February 17 directed its members nationwide to reduce petroleum pump price from N145 per litre to N140.

This was announced in a statement signed by the National President of the association, and issued through the Chairman, IPMAN Kano state chapter, Alhaji Bashir Dan-Malam.

Okworonkwo said the marketers were expected to comply with the directive from Feb. 20 to Feb. 25.

He said the decision followed the Saturday’s last-minute postponement of presidential and National Assembly elections by Independent National Electoral Commission (INEC).

According to him, Nigerians travelled to different places across the country to cast their votes, but to their dismay, the election was shifted to Feb. 23.

“IPMAN was prompted to slash N5 from the N145 per litre official Petroleum pump price in a bid to motivate Nigerians to return to vote again on Feb. 23.

“We urge all our members across Nigeria to immediately reduce the fuel pump price from N145 per litre to N140 per litre.

“This is because of the political situation that hit the country after INEC suddenly announced the postponement of presidential and National Assembly elections after Nigerians were fully prepared.

“We are all aware how Nigerians travelled to different parts of the country in order to exercise their civic duty; unfortunately, they heard a sad news of postponement of the polls,” Okworonkwo said.

He said, “This made us deem it fit to reduce the pump price in order to ease their suffering, and to also motivate them to travel again to exercise their franchise on Feb. 23.”

He, therefore, urged his members nationwide to immediately comply with the directive to enable Nigerians to travel to exercise their civic responsibility.

Okworonkwo maintained that the IPMAN’s decision followed President Muhammadu Buhari’s concern over the election postponement.

“We decided to express our concern over the postponement, as president Buhari expressed concern over the development.

As Buhari apologised to Nigerians to show restraint and return to polling units on Feb. 23, IPMAN also call on the citizens to exercise patience and come out en mass to cast their votes on the rescheduled date,” Okworonkwo said.

Meanwhile, the Chairman of IPMAN in Kano state, North West Zonal chairman, Alhaji Bashir Dan-Malam and Bashir Salisu-Tahir have urged their members to ensure strict compliance with the directive.

Support FG on pipelines surveillance, IPMAN president urges members

In ensuring effective monitoring of the country’s pipelines surveillance, Elder  Chinedu Okoronkwo, the National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), has appealed to its members to support the Federal Government petroleum products pipelines protection initiatives across the States against frequent vandalism.

Okoronkwo made the appeal in an interactive section with journalists on Wednesday against the backdrop of frequent damage of petroleum pipelines along the System 2B by vandals who scooped products.

He said that this became imperative for all stakeholders (MOMAN, DAPPMA and IPMAN) to come together to support government’s effort in fighting against the menace of frequent vandalism of product pipelines in Nigeria.

According to him, we (IPMAN) members in all the 21 depots across the country have continually supporting the government to protect and ensure effective surveillance of the pipelines over the years.

“I appealed to my members in the entire depots not to relent in providing adequate surveillance of the pipeline to support government surveillance team.

“IPMAN has donated various surveillance items like (bike, rain coat, vehicles, touch lights etc) to various pipelines surveillance team in various communities to support government’s good intention,’’ he said.

Okoronkwo , however, warned vandals to desists from such sabotage of the country’s socio-economic development which jeopardised national interest, adding that IPMAN members had been informed to report any suspects to the law enforcement agents.

He also appealed to government to put stringent measures in place that will address issues relating to pipeline vandalism holistically and to curb the incessant menace.

“Strong mechanism should be put in place to checkmate activities of pipeline vandals within NNPC pipeline network.

“We also urged the National Assembly to put in place laws that will ensure that vandals are punished.

IPMAN boss further sought the support of host communities long the NNPC Right of Way to cooperate with the PPMC management to ensure that pipelines are protected.

He advised government to reconsider deploying of drones in crude oil theft and pipeline vandalism.

He said that besides the introduction of drones to monitor the pipelines, government should also made efforts to patrol the country’s coastal waters; equipping and increasing the capabilities of the security services to carry out their responsibilities.

He added that government should also engage communities to intensify police pipelines in their areas.

IPMAN helmsman commended government and the management NNPC for ensuring prtroleum availability during the yuletide.

“I wish to commend the government, especially President Muhammadu Buhari, for ensuring that Nigerians do not face hardship and disasters associated with fuel scarcity.

“We also commended NNPC for making sure that the nation does not experience fuel shortage at petrol stations nationwide, as it used to be in past years during the yuletide.

“We are happy that those who traveled this time around to their various villages, communities and states have no complaint about fuel,’’ Okoronkwo added,

It would be recalled that bout two locations; Abule Egba area, a suburb of Lagos and Etialapako area, a suburb of Ogun State was reported to have vandalised pipelines within the system 2B network in December.

IPMAN Solicits FG To Improve Capacity Of Refineries, Moribund Depots To Boost Fuel Supply

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal Government to improve efforts in ensuring enhanced capacity of the refineries and non active depots in the country to end fuel importation.


Alhaji Debo Ahmed, Chairman Western Zone, IPMAN, gave the advice in an interview on Friday in Lagos against the backdrop of some moribund depots.


Ahmed said that if the country’s refineries and the 22 NNPC depots were working effectively, this would save the huge amount spent on importation and subsidising the price of fuel by NNPC.


He also urged the government to embark on massive repairs of depots and product pipelines in the country to save the country huge investment on products importation.


According to him, when all refineries are in full production, it would go a long way in addressing fuel scarcity and check petroleum product importation.


“This is the appropriate time to save the economy by stopping subsidy and channel the money to other sectors.

“Pumping of products to Ejigbo Satelite depot has been challenging in the last three months while Ibadan depot loading capacity has dropped to 10 per cent,“ he said.


He also said that the Ibadan depot had been operating on skeletal loading for almost three months.


Ahmed also urged government to provide adequate security to checkmate pipeline vandals across its pipelines network to ensure adequate product availability.


He said that incessant pipeline vandalism had turned the country into importer rather than an exporter of refined oil and trucking the imported fuel from the coastal areas to hinterland.


Ahmed also called on government to ensure reduction of petroleum products trucking to short distances by making sure that the 22 depots function properly.


He said that the depots should also be strategically located throughout the six geo-political zones of the country to boost distribution. One click away from your upgraded Inbox

IPMAN expresses fear over looming fuel scarcity in Ibadan

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday expressed worries over the looming fuel scarcity in Ibadan due to non-availability of the product at the depot.

In a communique issued in Ibadan, Alhaji Raheem Tayo, the Ibadan Chapter IPMAN Chairman, said that the association was worried that the situation had persisted in spite of the intervention of the Vice President, Prof. Yemi Osinbajo.

Tayo said that that Federal Government had made substantial re-investment through the NNPC to ‘resurrect” the Ibadan depot which had been moribund for more than two years.

According to him, the development culminated in the inauguration of the depot by Mr Baru Maikanti, the Group Managing Director of the NNPC on Oct. 4, 2017.

Tayo also said that with the commissioning of the depot, followed massive pumping of petroleum products, mainly Premium Motor Spirit (PMS) to the depot which directly led to increased activity.

“The loading of petroleum product was so well unhindered thus wetting all the nooks and crannies of the depot jurisdiction of operation which eventually led to cessation of fuel scarcity.

“The primary factor that made the depot go under for some years was because of pipeline vandalism.

“Pipeline vandalism seems not to have been well taken care of as its resurgence becomes more daring thereby threatening another total closure of the depot with serious consequences to the supply of petroleum to the depot.

“Loading activities, which was on the high side, progressively reduced on daily basis up until July 26, 2018 when loading activities stopped completely at the NNPC Ibadan depot,” he said.

The IPMAN chairman said that the agitation by the Ibadan depot stakeholders led the NNPC management in Abuja to mandate their security department to meet with stakeholders.

He said that the meeting with stakeholders and other relevant security agencies in the state, aimed at finding solutions to the continuous damaging of the pipelines, was aborted.

“Now that the vandals have grounded Ibadan depot again because NNPC cannot push products through the pipelines, the public should brace up for another round of unpleasant period of fuel scarcity.

“It is unfortunate that with the arrays of security agencies and bodies including the Police, NCSDC, DSS, NIA, Army, Navy, Airforce among others, the simple task of maintaining the integrity of the Pipeline, a vital nexus in the supply of Product to the public has become unattainable on the course which is the vandals unstoppable.

Fuel scarcity: NNPC cannot cope with demand on petrol consumption, says IPMAN

Consequently, it called for a total deregulation of the downstream sector.

Alhaji Debo Ahmed, Chairman, IPMAN Western Zone, made the disclosure in Lagos.

He spoke against the backdrop of the ongoing fuel scarcity in the country.

According to Ahmed, none of the NNPC/PPMC depots within the western zone has adequate petrol in stock to cater to the demands of the public.

“The management of NNPC should increase petrol allocations to IPMAN marketers rather than allocating excess products to NNPC retailers who have less than 25-outlet within Lagos.

“IPMAN that has over 2,500 members and over 500 outlets across the south west was given 30 per cent against 60 per cent agreed by NNPC and marketers,’’ he said.

Ahmed said that most IPMAN members had to close their filling stations due to the inability of NNPC/PPMC to distribute products to depots for marketers to load adequately.

He said that the limited available products were having lopsided distribution formula.

“ IPMAN was given 30 per cent, MOMAN 30 and NNPC retails 50 as against 60 per cent for IPMAN and 20 for MOMAN; NNPC retails 20 in all the functioning depots in the country.

“The imported petrol by NNPC/PPMC is distributed through the Private Fund Initiative (PFI) system to private depot owners (DAPPMA) to sell to Independent Marketers at a controlled price of N133.28k.

“But, DAPPMA members are selling between N160 and N162 above the regulated price, of which no marketer can buy at that price and sell at the regulated price of N145 per litre,’’ he said.

The IPMAN boss urged the government to intervene and check the activities of DAPPMA as they sold above the recommended pump price.

He also urged the Department of Petroleum Resources (DPR) to address defaulting depot owners who sold petrol above the approved pump price

“ DPR only descends on Independent Marketers by closing their stations.

“You can only sell what you buy; we are business people, for how long do we close down our stations since we have financial obligations to the banks?

“Probably, the Federal Government may have deregulated without the public being aware.

“During, the recent Senate committee meeting held with stakeholders in the oil industry, one of the suggestions from the Minster of State for Petroleum, Dr Ibe Kwachikwu, was the introduction of dual price regime.

“This is a regime whereby NNPC retail will be selling at N145.00 while other marketers will be selling at their own price,’’ Ahmed said.

Clamp down private depot selling petrol above ex-depot price, IPMAN urges DPR, NNPC

The Independent Petroleum Markers Association of Nigeria (IPMAN), Western zone on Friday urged the Department of Petroleum Resources (DPR) and NNPC to clamped down private  depots selling petrol above ex-depot price of N 133.28k.

Alhaji  Debo Ahmed, the western zone chairman of IPMAN made the appeal in an interactive session with the energy correspondents in Lagos.

Ahmed said that the shutdown of private depots selling petrol above government approved price became necessary against the back drop of the association’s threatening to withdraw its services across Lagos State and part of Ogun State as from December 11.

He alleged that most private depots owned by Depot and Petroleum Products Marketers Association (DAPPMA) in Apapa were selling petrol between N141 to N143 per litter as against Ex-depot price N 133.28k

According to him, we urged DPR, NNPC and all other regulatory agencies saddled with monitoring of depot petroleum pricing to live to its responsibility by shutting down any private depot selling products above government approved prices.

“ The increase in price of petrol by depots is killing our members because most marketers will be forced to shut down their stations if the situation continues.

“The DPR and NNPC seems to be helpless in this situation where the private depots sales petrol above.

“Many of IPMAN members cannot buy the petrol from NNPC depots because the product was not sufficient and not all NNPC depots that are working. Ore, Ilorin are not working, while Lagos and Ibadan are doing partial loading,’’ he said.

Debo said that due to insufficient of petrol at NNPC depots, adding that most marketers are forced to buy product from private depot.

He alleged that the private deports are not invoicing marketers directly, adding that they give way bill which the prices are not indicated, to cover up there atrocity.

The  IPMAN boss, however urged all concern authorities to urgently look into the issues to avert its members  close down their over 1,200 filling stations, which might lead to fuel crisis during the yuletide festivities.

However, the Executive Secretary of DAPPMA, Mr Olufemi Adewole denied the allegation of selling petrol above Ex-depot price by its members.

According to Adewole, Our members are selling petrol at government approved price, but we should also note that not all depot owners that are DAPPMA’s member. If other non-DAPPMA members sell above ex-depot price, we don’t have right over them.

“ IPNAN cannot just make blanket accusation of DAPPMA selling above ex-depot price. There is no truth in what they are saying to the best of my knowledge; we are selling at government approved price, even though we are losing money.

“The challenge we are even facing now is that banks are not given us money to buy product because government owing us and they are yet to pay.  But few of our members are bringing in product and buying from NNPC because they are the sole importer,’’ he said.

One of the depot owners who spoke to NAN correspondent on account of anonymity said that the increase in ex-depot price was caused by lack of petrol.

The depot owner said that NNPC which remain the sole importer of the product also contributed to the increase, adding that the product imported was not enough.

He said that burnt of the Bulk Oil Plant (BOP) jetty in Apapa also contributed major challenges, adding that majority of the major oil marketers could not load product from the jetty.

According to him, closed down of the Bulk Oil Plant (BOP) was responsible to the scarcity because no vessel discharge at the jetty in the last three months.

“The jetty were the major oil marketer received product currently no major oil marketer receive product now. Most of the major oil marketer has to load from other jetty,’’ the depot owner said.

Investigation revealed that all depots in Apapa sells petrol above ex-depot price of N133.28k.

De- Jones, N139, Fatgbems, N140, Folawiyo, N138.50, Obat, N141, Sahara, N140, Stallonire, N141, Swift, N141, Chipet, N141.50 and NIPCO, N138.

It will recalls that on Monday the IPMAN, Lagos State chapter in a statement jointly signed by its state chairman, Alhaji Alanamu Balogun, the Vice chairman, Pastor Gbenga Ilupeju and the secretary, Prince Kunle Oyenuga threatened to withdraw its services across Lagos State and part of Ogun State as from December 11.
The association said it was set for a showdown with NNPC over irregular fuel supply at Ejigbo satellite depot.
The IPMAN said it took the painful decision because its members had been running their fuel stations at a loss since the past eight months due to NNPC default in the bulk purchase agreement it signed with IPMAN to sell fuel to its members at a cost of N133.28k per litre.